Elixir Surges 89.4% Amidst Ecosystem Developments Zora Jumps 49.9% With Creator Coins Launch Orderly Climbs 49.7% On New Futures Listings

Elixir, Zora, and Orderly have emerged as standout performers in the altcoin market, achieving significant gains amidst a broader market slowdown. These tokens have not only captured attention but have also demonstrated real utility and product momentum.

Elixir has seen an impressive surge of 89.4% in the last 24 hours, trading at $0.2593 from a low of $0.1369. This surge is backed by several developments within its ecosystem. Elixir has launched sdeUSD on Pendle Finance, offering users its highest 15x potion multiplier. Additionally, deUSD, a yield-bearing synthetic dollar within the Elixir Network, has reached nearly $50 million in total value locked (TVL) on Avalanche following its launch on Euler Finance. Elixir has also upgraded to the Chainlink standard for cross-chain transfers (CCIP), enhancing its interoperability infrastructure. Most recently, the proposal to add deUSD and sdeUSD to Compound Finance has passed, with sdeUSD set to become the first yield-bearing stablecoin on the platform.

Zora has also made significant strides, jumping 49.9% over the past 24 hours to reach $0.01631 from $0.0108. This price surge is directly connected to the launch of Creator Coins, a new feature that allows creators to monetize their content on the platform. Every profile on Zora now has a coin, with the username serving as the ticker, and a profile represented by one coin. Existing users can activate their coin on Zora, while new users will have it activated by default.

Orderly, the third top gainer, has climbed 49.7% in the last 24 hours, trading at $0.1328 from $0.08832. This price movement coincides with the launch of new futures listings, expanding its trading offerings. The platform has announced new futures listings for RUNE (THORChain), TAC (TacBuild), and ANI (AniOnSOL), all available with up to 10x leverage. These listings are now live on both EVM and Solana networks.

The current altcoin rally occurs against a backdrop of Solana’s struggle below $180, highlighting the often inverse relationship between major cryptocurrencies and smaller altcoins. This dynamic underscores the potential for smaller tokens to gain traction and attract inflows, especially when backed by real utility and innovative product offerings.