🚀 $SOL Solana Inflows Surge: $420M+ Assets Migrated in May! 📈
Breaking Down the Move:
➡️ $420 Million+ Total assets bridged to Solana last month (Artemis data via Foresight News).
➡️ 71% Dominance $297 Million flowed from Ethereum $ETH alone, signaling a major shift toward Solana’s ecosystem.
Why It Matters:
• #DeFi & Fee Appeal: Lower costs and rising DeFi TVL ($4.8B) likely drove migrations.
• Institutional Interest: Recent VanEck’s SOL ETF filing may accelerate capital moves.
• Ecosystem Growth: SOL-based memecoins, #NFTs and stablecoin volume surged 44% in May.
