Although the SOL/ETH ratio dropped to 0.0586 — showing SOL has underperformed ETH — Solana attracted more capital inflows ($8.3B vs. $6.2B for ETH) over the past 7 days. This suggests strong absolute growth for SOL, despite relative weakness against ETH.

According to Foresight News, data from Glassnode indicates that the SOL/ETH ratio has decreased to 0.0586, one of the lowest levels this year, after peaking at 0.0868 in April. This suggests that SOL has underperformed compared to ETH. However, over the past seven days, both cryptocurrencies have seen similar new capital inflows, with SOL attracting $8.3 billion and ETH $6.2 billion, indicating a stronger growth momentum for SOL.