Top Crypto Gainers May 5: Core, DeepBook Protocol, Enjin Coin & Story Insights

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As the cryptocurrency landscape continues to advance, various tokens are experiencing substantial increases in value, primarily driven by the rollout of innovative technologies and updates. These projects aim to solve critical challenges such as scalability, security, and decentralization, which in turn boosts investor confidence and fosters growth. The escalating demand for advanced blockchain solutions is contributing to the success of several tokens. Among the notable winners in this market shift are Core, DeepBook, Story, and Enjin, each playing a pivotal role in the evolving crypto ecosystem. Core is enhancing Web3 security through real-time proof-of-reserves, DeepBook is revolutionizing decentralized trading on the Sui blockchain, Story is transforming intellectual property management, and Enjin is promoting decentralization by broadening its validator network. These advancements position them as significant players in the crypto arena.

Leading Crypto Gainers of the Day

Core operates as an EVM-compatible Layer 1 blockchain that addresses the well-known blockchain trilemma involving scalability, security, and decentralization. It employs a distinctive consensus mechanism called “Satoshi Plus,” which combines Bitcoin mining hash power with Delegated Proof-of-Stake to secure its network. Governed by the Core DAO, this project is set to provide foundational infrastructure for Web3 applications and innovation. The CORE token facilitates governance and staking within the network, allowing holders to engage in decision-making processes, influence developmental paths, and help manage transaction fees and system upgrades. Developers who contribute dApps to the ecosystem are rewarded with S-Prize tokens, further promoting CORE’s role in encouraging network expansion. Currently, Core is priced at $0.7646, reflecting an 11.44% increase over the last 24 hours and a remarkable 71.91% rise over the past month. With daily trading fluctuating between $0.6562 and $0.7743, Core is exhibiting robust bullish momentum and establishing itself as a standout in this market phase. Core’s recent partnership with Synternet integrates real-time proof-of-reserves into BTCfi, facilitating ongoing monitoring of wBTC reserves via live data streams, thereby eliminating reliance on traditional oracles and minimizing latency. This arrangement enhances ecosystem transparency and security, building trust and mitigating systemic risks through timely and accurate data provision.

DeepBook Protocol: A Game Changer in Decentralized Trading

DeepBook represents a decentralized central limit order book (CLOB) on the Sui blockchain, crafted to deliver high-speed and low-latency trading experiences. By leveraging Sui’s capabilities for parallel execution alongside minimal transaction fees, DeepBook ensures that all activities—order routing, matching, and settlement—occur entirely on-chain. This design optimizes programmability and composability, establishing DeepBook as a crucial liquidity backbone within the Sui DeFi ecosystem. While it currently lacks a native token, its position as the primary on-chain liquidity venue suggests potential for future tokenomics. Should a token be introduced, it could serve essential roles in governance, staking, fee incentives, or liquidity provision, aligning the interests of users and market makers with the platform’s long-term sustainability. DeepBook is trading at $0.1879, with a recent 7.01% increase in the last 24 hours and an impressive 216.91% surge over the past month. With a daily trading low of $0.1749 and a high of $0.1979, DEEP is gaining significant traction, emerging as one of the market’s most dynamic movers. By implementing a real-time order book model, DeepBook is changing the landscape of decentralized trading on the Sui blockchain, offering a level of precision akin to that of centralized exchanges while maintaining full decentralization. Unlike traditional Automated Market Makers (AMMs), which rely on liquidity pools and face challenges such as slippage and impermanent loss, DeepBook directly matches buy and sell orders, enabling users to execute trades more efficiently and transparently—all while retaining control of their funds. Designed for speed and composability, DeepBook integrates effortlessly with leading DEXs and aggregators within the Sui ecosystem, ensuring ample liquidity and a trading experience comparable to centralized exchanges. Every transaction is recorded on-chain, fostering a trustless environment devoid of hidden fees or manipulation, thereby merging the benefits of centralized exchanges with the core principles of decentralized finance.

Solaxy: Scaling Solutions for Solana

Solaxy ($SOLX) is a Layer 2 solution tailored for the Solana blockchain, aimed at enhancing scalability, alleviating congestion, and reducing transaction costs. The project has successfully secured over $33.2 million during its presale, with the token priced at $0.001714, giving early investors a chance to engage before its official launch. Throughout the presale, participants can stake their $SOLX tokens to earn as much as 121% annual percentage yield (APY). These staked tokens will remain locked until the Token Generation Event (TGE), after which they will be available for withdrawal alongside presale purchases. Following the TGE, $SOLX will be listed on both centralized and decentralized exchanges, facilitating trading and liquidity opportunities.

Story: Revolutionizing Intellectual Property Management

Story is a Layer 1 blockchain that aims to create a transparent and decentralized framework for internet intellectual property (IP). It empowers creators to register, license, and monetize their IP directly on-chain, providing tools that simplify attribution, licensing, and ownership management. Key features include the Story Explorer, IP Hub, and permissionless licensing modules, all designed to protect and make IP rights accessible. The $IP token serves as the backbone of the network, enabling users to pay gas fees, register and license IP assets, and participate in governance. Token holders can also stake $IP to help secure the network and address disputes. Beyond its functional aspects, $IP introduces a revenue-sharing model that guarantees creators receive fair compensation through automated royalty distribution. Currently, Story (IP) is priced at $3.76, reflecting a daily increase of 3.62%, though it has seen a minor 2.90% decline over the past week. With a 24-hour trading range between $3.60 and $3.88, the token’s rebound indicates renewed interest and could signal a potential breakout in the near future. Recently, Story announced the launch of the Surreal World Assets buildathon, which focuses on the innovative concept of tokenizing intellectual property, creativity, and culture. This initiative invites coders, creators, and curious minds to participate in workshops and culminates in a Demo Day where winners pitch to prominent investors.

Enjin Coin: Expanding the NFT Ecosystem

Enjin is a comprehensive blockchain ecosystem crafted to streamline the creation, integration, and management of NFTs and digital assets. Its array of tools assists developers, businesses, and individuals in launching blockchain-based products seamlessly. Enjin’s infrastructure supports interactions with NFTs, powering millions of digital assets across various sectors from gaming to enterprise solutions. Central to this ecosystem is Enjin Coin (ENJ), which acts as the native utility and governance token. ENJ is crucial for minting NFTs, covering transaction fees, and facilitating economic activities within the network. It also secures the blockchain and permits users to create, buy, and trade assets with tangible value. Currently, Enjin Coin (ENJ) is valued at $0.07542, showing a 2.33% daily increase and a 2.08% rise over the past month. The recent trading price fluctuated between $0.07319 and $0.07686, indicating steady accumulation and the potential for stronger momentum if this trend continues. Enjin is also enhancing its decentralization efforts through a significant expansion of its validator network on its Relaychain Mainnet, increasing the active validator slots from 15 to 25. This expansion allows for greater community participation in governance and block production, thereby strengthening the network’s security and resilience. This shift, effective from Block 9,962,945 on April 28, 2025, marks a pivotal moment for developers and node operators, promoting greater accessibility and inclusion. Through this validator set expansion, Enjin is reinforcing its vision of a decentralized ecosystem where governance is distributed more evenly, fostering an environment ripe for innovation.