
Solana Gaining Ground On Ethereum: These Key Metrics Show Colossal Growth
In recent months, Solana (SOL) has emerged as a formidable competitor to Ethereum (ETH), consistently outpacing its larger rival in various key metrics. Analysts from The Motley Fool have highlighted that while Solana is sprinting ahead, Ethereum seems to be trotting along in comparison. Ethereum’s Market Lead May Be At Risk A particularly telling metric in this competition is the total value locked (TVL) within each ecosystem. TVL serves as an indicator of the capital deposited in a blockchain’s decentralized applications (dApps) and smart contracts. A higher total value locked....
Related News
After surging significantly in the last few days, Solana, one of the leading digital assets, is slowly facing growing bearish pressure, raising concerns about an extension of the recent pullback to key support levels. Solana’s price may be declining, but the market continues to show strength as several crucial on-chain metrics are starting to turn […]
Ethereum could reach $20,000 by 2025 according to a Finder’s panel. Ethereum has since been gaining momentum, starting out at $1,000 at the beginning of the year and reaching an all time high of $4,196.63, according to Coin Metrics. Before losing steam and dropping down to its current price at $2,400. Clocking an average growth […]
In the last few days, Solana has experienced a steady upward trend, drawing dangerously close to the $230 price mark as activity on the blockchain heats up. With Solana gaining serious ground and on-chain activity rising rapidly, Mike Novogratz has endorsed the blockchain, claiming that its design sets it apart for financial market dominance. Solana […]
Solana has staged an impressive recovery, surging over 14% from its recent local lows, showcasing resilience after a period of correction. This renewed momentum has reignited investor optimism, positioning Solana as a standout in the crypto market. Key metrics from Glassnode further bolster this sentiment, revealing that Solana has consistently maintained a positive net capital inflow since early September 2023. While minor outflows were observed, the overall trend underscores sustained interest and confidence in the project. Related Reading: XRP Whales Keep Buying – Data Reveals Smart....
Ethereum has undergone a strong bounce since the lows seen in September. As of this article’s writing, the coin trades for $372, around 20% above those lows. The cryptocurrency is about the set a weekly close above the $365-370 resistance. Despite this strong bounce in the price of Ethereum, on-chain metrics show that the blockchain is currently weakening. Fortunately, the leading cryptocurrency has positive fundamental and technical trends that may result in growth in the […]