In a strong show of momentum, Solana ($SOL )experienced a major capital influx in May, with more than $420 million worth of assets transferred from other blockchains, according to data from Artemis reported by Foresight News.
What’s particularly noteworthy is that over $297 million of this total came directly from Ethereum($ETC ) signaling growing confidence in Solana’s ecosystem and infrastructure. The shift may be attributed to Solana’s faster transaction speeds, lower fees, and increasing developer activity in areas like DeFi and NFTs.
This surge in cross-chain movement reflects a broader trend of diversification within the crypto space, as users and projects explore alternatives to Ethereum’s high gas fees and scalability limitations. Solana’s rising popularity as a destination chain suggests it could continue capturing more market share in the coming mon
