What are the solana tokens?

The Solana blockchain is powered by three main tokens: SOL, RAY, and SRM. SOL is Solana’s native token used for transaction fees, staking, and governance voting, and has a market cap of over $10 billion. RAY is the token of the Serum decentralized exchange used for trading fees, staking, and liquidity incentives with a market cap of over $500 million. SRM is the governance token of the Serum ecosystem, allowing holders to vote on the development of the Serum protocol, with a market capitalization of over $100 million.

Major Tokens on Solana

The Solana blockchain is supported by three major tokens: SOL , RAY and SRM.

SOL:

• Solana’s native token
• Used for transaction fees, staking and governance voting
• Total supply Volume: 500 million
• Market cap: Over $10 billion (as of February 2023)

RAY:

• The native token of the Serum decentralized exchange
• Used for transaction fees, staking and liquidity incentives
• Total supply: 1 billion
• Market cap: over $500 million (As of February 2023)

SRM:

• Serum Ecosystem’s Governance Token
• Holders can Vote on the development of the Serum protocol
• Total supply: 10 billion
• Market cap: Over $100 million (as of February 2023)

Other Tokens:

In addition to these three main tokens, there are many other tokens on the Solana blockchain, including:

• MAPS: Maps.me’s native token
• FTT: FTX exchange’s native token
• USDC ： USD stable currency issued by Circle
• USDT： USD stable currency issued by Tether
• APE： Governance representative of ApeCoin ecosystem Coins

These other tokens are used for various purposes such as:

• Payment for applications and services
• Exchange Governance
• Stable Asset Value
• Access DeFi Protocols and Applications

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