Solana Outpaces Ethereum, Tron in Performance: The Block Research
Solana surpasses Ethereum, Tron, and other L1s in this area
Solana has outperformed Ethereum, Tron, and other L1 blockchains. The fees and transactions on Solana were higher than other leading L1s. The price of SOL could potentially rise to $120, but a decline could occur beforehand.
Solana outperforms all metrics
Of all the leading Layer-One (L1) blockchains, Solana was the only one to see an increase in all metrics. This was confirmed after a thorough investigation of a post by The Block Research. According to the data provided, other L1s like Ethereum and Tron saw significant increases in stablecoin supply. Solana was not exempt from this, indicating growing interest in the crypto market.
Solana outperforms Ethereum and Tron
In terms of daily transactions, fees, and demand for their respective tokens, Solana surpassed both Ethereum and Tron. This suggests that the market is interested in SOL and the tokens in its ecosystem. This could correlate with price development. At the time of the press release, SOL was trading at $115.91. This was an increase of 98.47% within 30 days.
Solana continues to be in demand
The social volume, which tracks the text documents or search queries related to a project, confirmed that Ethereum and Tron could not compete with Solana. At the time of the press release, ETH’s social volume was at 25. TRX’s volume was lower, while SOL surpassed both with a value of 30.
Price drop before the rise
Social metrics can have a snowball effect on cryptocurrency valuation. In the case of SOL, an increase in social volume could drive the price up to $120 in the short term. But if the metric becomes too high, it could indicate a local peak, which could lead to a price drop.
SOL’s market capitalization in ETH terms
If the RSI value reaches the range of 70 to 75, SOL could decline as it would be overbought. In the overbought state, the price could potentially drop below $100. But in a very bullish case, Solana’s confirmation could test $150 for the first time in more than two years.
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| Symbol | SOL |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Price | $242.17 |
| 24h % | 1.78 % |
| 7d % | 8.92 % |
| 30d % | 47.02 % |
| 60d % | 64.99 % |
| 1y % | 326.11 % |
| Market Cap | $115,010,484,875.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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