The performance of Solana (SOL) exceeds that of Ethereum (ETH) in one metric, but it struggles to regain the $200 level.
Summary:
* Performance: Solana is struggling to regain the $200 level, although demand for it has outpaced demand for Ethereum in recent months.
* Hot Realized Cap metric: According to a report from Glassnode, this metric for Solana reached $9.5 billion, more than double Ethereum's $4.1 billion. This indicates ongoing interest from investors and increasing activity on the Solana network.
* Challenges: Despite this demand, the growth of the realized market cap for Solana has been much slower than the growth of both Bitcoin and Ethereum, indicating a loss of momentum in the short term and bearish expectations.
The information provided is for news purposes only and should not be considered financial or investment advice in any way.
Follow me for more exclusive news
#succinctlabs @Wallet Connect @@bubblemaps-1 @undefined @bubblemaps-1 @undefined
#Chainbase @Chainbase Official hq