Aave, Polygon and SOL Reached New All-Time Highs on May 18

by in Cryptocurrency News

SOL, Polygon, AAVE ath

While the bearish trend prevails for most cryptocurrencies currently, Aave (AAVE), Polygon (MATIC), and Solana (SOL) reached new all-time highs: $666, $2.68 and $58 respectively.

Related: China Bans Finance Institutions to Provide Crypto Services

MATIC, the native token of the Ethereum scaling solution Polygon now ranks 14th with a market cap of over $14.8 B. The cryptocurrency's price went up more than 109% in the previous 7 days. From March 11 leading cryptocurrency exchange Coinbase started allowing Polygon trading on its platform. The network's adoption has been growing. From January to May about 400 applications were built on the network.

As for Aave, the token's price has gone up by over 19% and set a new record of $666. AAVE ranks 22nd with a market cap of over $7.7 billion.

It is the native token of the DeFi lending protocol.

Another cryptocurrency which price surpassed its previous highs on May 18 is SOL. The coin's rate reached $58.

There are few green lines in the crypto market recently. The entire crypto market cap fell below $2 trillion and now stands at around $1.84 T. Bitcoin trades at around $40.100 and Ether at $2.900.