Solana Ecosystem Token STAMP Tops $14 Million Market Cap Before Falling to About $12 Million

Solana ecosystem token STAMP briefly pushed its market capitalization above $14 million before easing to about $12 million, with intraday gains exceeding 160 times. According to Odaily, the project said Zcash has not yet completed the network upgrade needed to support asset issuance, so STAMP is trying to map cross-chain assets through NFTs and SPL tokens. Under the plan, users burn SPL tokens to receive NFTs, which can then be used on Zcash to redeem the corresponding assets.