V2EX Token Market Cap Surges 8% to $6.1 Million on Solana Integration

The V2EX token, which operates on the Solana blockchain, reached a significant milestone on July 8 when its market capitalization briefly exceeded $6.6 million. As of the latest data, the token's market cap has stabilized at around $6.1 million, supported by a strong 24-hour trading volume of $6.2 million. This increase in market capitalization indicates a growing interest from investors and enhanced liquidity within the token's ecosystem.

Livid, the founder of the Chinese developer community V2EX, disclosed that the $V2EX token is deeply integrated with the community. Livid's holdings constitute approximately 75% of the total token supply, while the circulating supply makes up about 25%. This distribution ensures that the market dynamics remain controlled, as Livid has not liquidated any tokens since the token's launch nine months ago.

The recent surge in the token's market capitalization coincides with the integration of Solana wallet login functionality on the V2EX website. This new feature allows users to connect their on-chain addresses seamlessly, facilitating tipping through stablecoins or $V2EX tokens. Additionally, certain premium features on the platform now require token ownership, which is expected to boost user engagement and the overall utility of the token within the V2EX ecosystem.