Solana: Figures That Command Respect

Since the collapse of FTX in 2022, Solana has shown a rise of over 2,000%, an achievement that places it far ahead of Bitcoin and Ethereum in terms of price performance and trading volumes.

Solana (SOL) has been making waves in the crypto market with its impressive performance, outpacing Bitcoin (BTC) and Ethereum (ETH) in terms of capital inflows and trading volumes.

After a dizzying drop following the FTX collapse, Solana has rebounded with breathtaking growth and popularity among investors.

The latest study by Glassnode reveals astonishing figures regarding Solana's crypto dominance.

Solana’s crypto showed remarkable resilience during the bear market, outperforming BTC and ETH in the capital inflows and trading volume domain.

According to Glassnode, Solana outperformed the two market giants for 344 days out of 727, largely due to its consistent activity and massive capital inflows.

Here are some key figures to grasp the scale of the phenomenon:

Solana outperformed Bitcoin for 344 days and Ethereum for 334 days in terms of capital inflows.

Solana's trading volumes also surpassed BTC's for 338 days and ETH's for 329 days.

In certain market niches, Solana's crypto even outperformed BTC and ETH combined.

Solana’s figures command respect

Since the collapse of FTX in 2022, Solana has shown a rise of over 2,000%, an achievement that places it far ahead of Bitcoin and Ethereum in terms of price performance and trading volumes.

According to the Glassnode report, Solana outperformed the two market giants for 344 days out of 727, relying on steady activity and massive capital inflows.

Here are some key figures to grasp the scale of the phenomenon:

Solana outperformed Bitcoin for 344 days and Ethereum for 334 days in terms of capital inflows.

Solana's trading volumes also surpassed BTC's for 338 days and ETH's for 329 days.

In certain market niches, Solana's crypto even outperformed BTC and ETH combined.

Solana’s impressive rebound not only boasts raw figures; the ecosystem itself has seen a notable increase in blockchain activity.

The explosion of memecoin-related transactions in 2024 has largely contributed to the demand for SOL, the flagship token of the ecosystem.

This dynamic has not only attracted investors but has also served as a catalyst to propel Solana to reach unprecedented heights.

Moreover, Solana has distinguished itself with remarkable consistency.

Since September 2023, its net inflows have remained positive, a sign that investor interest is unwavering.

This new momentum, fueled by growing demand, reinforces Solana's position as the leading altcoin against BTC and ETH, which sometimes struggle to keep pace.

To conclude, despite a recent loss of $1.1 billion in TVL in December, let’s hope this does not hinder Solana's impressive journey, which continues to challenge the leaders of the crypto market.

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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose, à mon échelle, en ayant contribué, à ma manière, à propager la bonne nouvelle.