Project Serum and the Sollet-wrapped assets of Solana had major exposure to FTX leading to the SOL price crash.
Aptos, a new blockchain in the town, is gaining traction quickly and the native APT tokens could be set for a rally.
The collapse of crypto exchange FTX and its trading platform Alameda Research has impacted altcoin Solana the most. During the entire FTX episode, Solana’s native crypto SOL lost more than 70 percent of its value. As of press time, SOL is trading another 9.15 percent down at a price of $11.64 and a market cap of $4.2 billion.
Some of the key projects leading to Solana’s exposure to FTX collapse were Project Serum and the Sollet-wrapped assets. Messari, the leading provider of crypto intelligence products, has offered some key insights into the recent developments.
Since the FTX collapse unfolded, Solana has also faced a major setback in the decentralized finance (DeFi) space. The total value locked by all the DeFi protocols on the Solana blockchain network

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