This week (August 4–11), several digital assets recorded significant price gains, capturing attention in the fast-moving crypto market. Among the top performers were MYX, SOON, TROLL, SIREN, and ZORA, with MYX and ZORA leading in terms of utility and adoption. Meanwhile, XYZ, though not among the top five, demonstrated a unique blend of meme-driven appeal and sports-themed community engagement, drawing early-stage capital and investor interest.
MYX, a cross-chain perpetual trading token, saw robust activity on multiple blockchains, including BNB Chain, Arbitrum, and Linea. Its Matching Pool mechanism allows users to trade with visible order books and up to 50× leverage, attracting both spot and leveraged traders. The token benefits from rising TVL and growing volume, with billions in trading activity already recorded, signaling its potential to attract further demand from traders seeking efficient, low-cost execution [1].
SOON, a token tied to the Solana Virtual Machine’s Super Adoption Stack, is gaining traction as a governance and utility asset. Designed for cross-chain interoperability, SOON enables staking, voting, and fee payments within a modular infrastructure. With a circulating supply of around one billion tokens and a 3% annual inflation rate, its value is likely tied to sustained demand for cross-chain tools in a market seeking scalability and speed [2].
TROLL, a multi-chain meme coin, continues to thrive on internet culture and viral appeal. Available on Ethereum, Solana, and other chains, it lacks formal use cases but benefits from a decentralized codebase and a strong community following. Its price movements are erratic, reflecting the nature of meme tokens, yet its multi-chain presence allows it to tap into broader liquidity and user bases [3].
SIREN, an Ethereum-based options trading platform, offers users the ability to create and trade options directly on-chain, with full collateralization ensuring reliability. The token’s low volume and focus on options trading differentiate it from swap-focused competitors. As the crypto market potentially shifts toward more complex financial tools, SIREN’s on-chain execution model may attract a niche but growing audience [4].
ZORA, a Layer 2 NFT platform built on the OP Stack, provides a low-cost, high-speed infrastructure for creators to tokenize content and generate value from social engagement. With a strong link to Base and a rising user base, ZORA’s focus on creators over speculators aligns with a broader trend of social media moving onto blockchain. While its price has not yet reached past peaks, its daily trading activity and growing market cap suggest increasing adoption [5].
The performance of these tokens reflects a broader shift in the crypto market toward multi-chain interoperability, creator-driven platforms, and meme-based community engagement. While some, like MYX and ZORA, offer tangible utility, others such as TROLL rely on cultural appeal. However, all are responding to a demand for faster, more flexible blockchain tools and social-driven assets.
XYZVerse (XYZ), while not in the top five, is drawing attention for its unique approach to blending sports enthusiasm with meme culture. The token has seen a significant price increase during its presale, moving from $0.0001 to $0.005 within a short period. Analysts have highlighted its clear roadmap and active community as key differentiators from other meme coins [6].
Sources:
[1] https://coinmarketcap.com/community/articles/689b30395ed6af54da1db242/
