Polkadot, Solana, Terra, Lead Large-Cap Losses Amid Market Drop

Posted on by American Coins & Gold

Polkadot, Solana, Terra, Lead Large-Cap Losses Amid Market Drop
The native tokens of layer 1 blockchains Polkadot, Solana, and Terra were among the biggest losers Friday morning amid a fall in the broader cryptocurrency market, data from multiple sources shows.Polkadot (DOT) was trading at $27 during Asian hours, down 7% from Thursday’s peak of $30.16. Solana (SOL) fell 6.6% to $178, while terra (LUNA) traded at $69.43, down 8% from Thursday’s $76.72 high.The solana price drop was partly driven by fundamental woes as the network saw relatively slow blockchain production during late U.S. hours. The network is capable of processing over 2,000 transactions per second on its high-speed blockchain,…