A report by Messari researcher Roberto Talamas explores the performance of the most important cryptocurrencies in the “ecosystem wars”. From Ethereum, Cosmos, Solana, Binance Smart Chain, DeFi seems to be moving from a “trend” to a relevant sector for any platform looking to take a share of the $55.29 billion in Total Value Locked (TVL) on these protocols.
According to Talamas, Polkadot and Cosmos’ assets were amongst the worst performing of the week. With DOT down 27.2% in the 7-day chart and ATOM down 30% in the same period. Cosmos, assets saw losses from 4% to 27% much like Polkadot with 14% to 30% losses in KSM, POLY, AKRO, and other major tokens.
Solana (SOL) was somewhere in the middle like Talamas said. From April 15th to April 18th, SOL saw bullish price action and took 29% gains. At the time of writing, SOL is moving sideways in the 1-hour chart with 8.1% losses during the day