FTX Bankruptcy Leaves Tokens Like Solana Name Service, Aleph.im, Serum, Oxygen With Market Caps Below $100 Million

FTX, once a leading global cryptocurrency exchange, was co-founded by Sam Bankman-Fried in 2019. The exchange gained prominence for its advanced trading features and innovative derivatives offerings, quickly becoming a major player in the crypto market. However, in November 2022, FTX's collapse due to a scandal sent shockwaves through the global financial community.

In the aftermath of the FTX bankruptcy, several tokens associated with the exchange have emerged as notable assets with market caps below $100 million. These tokens, listed under the FTX Bankruptcy Estate on CoinMarketCap, include Solana Name Service (SNS), Aleph.im (ALEPH), Serum (SRM), and Oxygen (OXY).

Solana Name Service (SNS), formerly known as Bonfida (FIDA), provides human-readable domain names on the Solana blockchain, making wallet addresses more user-friendly. SNS acts as a naming protocol that bridges Web3 identity and usability for wallets and decentralized applications (dApps). With a market cap of $76,882,823, SNS is actively traded on major centralized exchanges such as Binance, KuCoin, and Kraken.

Aleph.im (ALEPH) is a decentralized cross-chain data network offering off-chain computation, storage, and indexing. It is designed as an independent data layer, enabling dApps to work with data securely and at scale without relying on centralized infrastructure. Compatible with leading blockchain ecosystems like Ethereum, Solana, and Avalanche, Aleph.im features a channel mechanism that allows for sharding and customization. With a market cap of $15,500,000, ALEPH is traded on platforms like Coinbase, Kraken, and Uniswap.

Serum (SRM) is a fully on-chain order-book decentralized exchange built on Solana, co-developed with FTX. The SRM token fuels its high-speed, low-fee trading ecosystem, offering users discounts on protocol fees and voting rights. With a market cap of $3,100,000, SRM is actively traded on exchanges like MexC, Gate, and Kraken, as well as Solana-based decentralized exchanges (DEXs) like Raydium and Orca.

Oxygen (OXY) is the native token for the Oxygen prime brokerage protocol on Solana. The platform offers on-chain margin trading, lending, and yield strategies, leveraging Solana’s speed and low costs to bring institutional-style finance to DeFi users. With a market cap of $112,370, OXY is traded on Solana DEXs like Raydium and Orca, as well as centralized exchanges like Gate and Kraken.

These tokens, each with a market cap below $100 million, represent a fraction of the assets affected by the FTX bankruptcy. Their performance and potential for recovery will be closely watched by investors and analysts in the coming years. It is important to note that this list is not ranked in any particular order and all data and information are from CoinMarketCap. This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.