Why Solana and Polkadot Have Been The Least Impacted By The Crypto Crash

Why Solana and Polkadot Have Been The Least Impacted By The Crypto Crash


Research firm Messari published a report on the performance of 5 sectors in the crypto industry after the recent crash. Written by Roberto Talamas, the report determined that smart contracts (Solana, Cosmos, Polkadot, Kusama, and others) have been amongst the least affected by this event.

Relentless selling pressure caused the main cryptocurrencies to correct by more than 50% in mid-May. On June 3rd the crypto market closed on a positive for the first time since that moment. As Talamas noted, the smart contract sector saw an overall return of 3.11% in assets such as Solana, DOT, ATOM, KSM, CKB.

Source: Messari

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As seen in the char, DeFi projects and decentralized exchanges have equal returns with 2.70% followed by cryptocurrencies with the least returns after web3 applications. In general, the crypto market’s performance for the week of June 3rd was a “bit bumpy”, the researcher said. He added:

Asset prices across the board tumbled by mid-week resulting in losses of

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