The market capitalization of Solana on-chain token V2EX has surpassed 20 million USD, reaching a historic high.

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On August 8th, according to GMGN data, the market capitalization of the Solana on-chain Token V2EX has surpassed 20 million USD, reaching a historical high of 21.6 million USD, with a 24-hour volume of 430,000 USD. BlockBeats previously reported that on July 8th, Livid, the founder of the Chinese programmer community V2EX, stated that the $V2EX Token will subsequently be linked with the V2EX community. Currently, its open interest is around 75% of the total, and it has not been sold, with the current circulating supply being about 25% of the total. The Token was created 9 months ago to experience the product Pump.fun, and the reason for its graduation (entering the external market) was to add the Solana Wallet log in feature to the V2EX website, which led to the need to view on-chain addresses and inadvertently filled the internal market before entering the external market. Livid mentioned that users who log in or bind to Solana can use stablecoins or the $V2EX Token for tips, or some advanced features require holding $V2EX Tokens.

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