Web3 Tokens See Strong Weekly Trading Volume with $LINK, $DOT, and $ENS in Lead

The recent surge in the Web3 sector has brought about a significant shift with several well-known projects seeing huge weekly trading volumes. Phoenix, a prominent crypto analytics firm, has shared the list of top Web3 tokens that recorded substantial trading volumes weekly, with Chainlink ($LINK), Polkadot ($DOT), and Ethereum Name Service ($ENS) leading them. The analytics provider revealed this list on its official X account.

TOP #WEB3 TOKENS BY WEEKLY TRADING VOLUME$LINK $DOT $ENS $AR $SAGA $FIL $MNT $APE $LPT $GRT $GMT $ALT $THETA $STORJ $PIXEL pic.twitter.com/cOj7PbuKFx

— PHOENIX – Crypto News & Analytics (@pnxgrp) September 29, 2024

$LINK Leads the Prominent Web3 Coins with a Trading Volume of $1.39B

As per Phoenix, this uptick emerges amidst the spiking interest in blockchain interoperability, Web3 applications, and decentralized technologies. While the crypto sector is continuously evolving, these tokens play a crucial role in reforming the decentralized interest. It offers a preview of the overall digital ecosystems. The list places $LINK on the top with a weekly volume of $1.39B. It has a weekly price change of nearly +12.0% and a market capitalization of up to $7.9B.

The 2nd project on the list is $DOT with an $838M in trading volume and an +8.2% price change in the last seven days. The market capitalization of the token has reached $7.1B. $ENS has occupied the 3rd spot with an $802M weekly trading volume and an +8.4% price rise. Its market capitalization is nearly $649.8M. Subsequently, $AR gets the 4th position in the list with $760M in its weekly trading volume. Additionally, it has recorded a +9.2% price change while its market capitalization stands at $1.4B.

The 5th token in Phoenix’s list takes into account $SAGA with a 7-day trading volume of $735M and a 5.3% price dip. However, its market capitalization is approximately $241.4M. $FIL gets the 6th rank in the list with its weekly trading volume reaching $726M. It has seen a 9.1% price rise along with a $241.4M in its market capitalization. $MNT seizes the 7th position as its trading volume has touched $587M with its price rising by 0.3%. On the other hand, the market capitalization thereof moves around $2.0B.

$GRT Takes the 10th Rank with $324M in 7-Day Trading Volume

The 8th token in this list is $APE which has beheld a weekly trading volume of $392M. It has also seen a price rise of 2.3% apart from a market capitalization of $487.0M. $LPT is the 9th token present in the list is $LPT with its weekly trading volume standing at $374M. It has also beheld a 2.3% weekly price spike and a market capitalization of almost $514.7M. The Graph ($GRT) comes on the 10 spot as the weekly trading volume thereof has touched $324M. It has seen a 7-day price change of +14.4% and its market capitalization is up to $1.7B.

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