Solana Surges Past Ethereum in Key Growth Metrics

Key Takeaways
- Solana (SOL) is gaining market share compared to Ethereum (ETH).
- The SOL/ETH exchange rate reached an all-time high – a sign of increasing capital inflows into Solana.
- Net inflows for Solana: +$25.4 million USD; for Ethereum: -$8.8 million USD.
- On-chain activity on Solana is rising significantly – over 96 million transactions daily.
- Stablecoin holdings on Solana reach $12.6 billion USD – an indicator of growing usage.
Solana Surpasses Ethereum in Capital Inflows
In recent days, the trend in the crypto market has clearly shifted in favour of Solana. The SOL/ETH exchange rate rose above $0.08043 USD – a new all-time high. This price increase suggests a capital rotation: investors are increasingly moving their funds from Ethereum to Solana.
A look at liquidity data paints a clear picture. According to Artemis, Solana recorded a positive net inflow of $25.4 million USD over the past week. In contrast, Ethereum saw an outflow of $8.8 million USD. This indicates growing confidence in Solana – at least in the short term.
On-Chain Activity as a Driving Factor
One major reason for Solana’s surge is the increased activity on its blockchain. The number of daily active wallets currently stands at 6.2 million – the highest level since February. The number of daily transactions has also risen significantly: from 69.5 million on March 1 to 96.1 million.
This trend shows that Solana is not only in demand for speculative reasons but is also being actively used. More users mean more transactions – and with that, higher demand for the native SOL token.
Stablecoins Strengthen Solana’s Position
Another indicator of Solana’s growing importance is the amount of stablecoins on its blockchain. At $12.6 billion USD, this figure has returned to levels last seen in February. Stablecoins like USDC or USDT are often used for trading and DeFi applications (decentralized financial services). Their growth points to increasing economic activity on Solana.
Market Sentiment Shifts in Favour of Solana
After two days of sell-offs totalling $95.5 million USD, buyers have returned. Within 24 hours, spot traders purchased $9.28 million USD worth of Solana assets. This indicates: confidence is returning – and with it, the potential for a price rally.
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If this trend continues, Solana could further strengthen its position relative to Ethereum. The key will be whether on-chain activity and trading volume remain at high levels.
Our Assessment
Solana is currently showing strong performance – both in terms of price development and network usage. The growing stablecoin holdings, rising transaction volume, and positive capital flows suggest increasing interest from investors and users.
While Ethereum remains a leader in terms of technology and decentralization, Solana scores points with speed and low fees – an advantage for many applications in gaming, DeFi, and NFTs.
As an investor or user, it’s worth keeping an eye on Solana. In the short term, SOL could continue to rise if market conditions remain stable. In the medium to long term, however, its development will strongly depend on further adoption and the technological stability of the network.