Solana outperforms Bitcoin and Ethereum in price and volume

Since the FTX crash in 2022, Solana has grown over 2,000%.

SOL beat Bitcoin and Ethereum in trade volumes for nearly a year after the drop

Most token holders are profiting since Solana has had a positive net capital inflow since September 2023.

Solana (SOL) rose 6% on Monday after Glassnode reported that SOL raised more funding than Bitcoin and Ethereum. SOL might increase more before the cycle tops, despite the strong gains indicating a hot market.

SOL beats Bitcoin and Ethereum with $776 million daily capital inflows.
Solana achieved record highs in blockchain activity in 2024.

FTX's fall in 2022 brought Solana below $9, but its recovery has been spectacular. SOL has increased over 2000% since then, outpacing Bitcoin and Ethereum, according to Glassnode.

Since 2022, Solana has outperformed the two big cryptocurrencies in 344 of 727 trading days.

Solana had higher capital influx over the same time, considering relative Realized Cap change.

SOL may have raised funds and liquidity, suggesting investor interest for the asset.

Glassnode said Solana's expansion is driven by this new investment group.

Increased meme currency activity on the Solana blockchain last year contributed to this rise in new investors. SOL, the basic currency for Solana meme coin transactions, reached a new all-time high of $263 on November 23 because to tremendous demand.

Solana has had a positive net capital inflow since September 2023, with $776 million in fresh money entering the network everyday.

Additionally, Glassnode reveals the holder cohort with the biggest profit-taking volume since January 2023.

Tokens held 1 day-1 week, 1 week-1 month, and 6-12 months earned $13.7 billion, $14 billion, and $15.7 billion.

"This suggests the market is relatively heated, but also suggests the potential for further room to run before the profit held by the average investor reaches its extreme band of +1σ, enticing a flurry of profit taking and distribution," Glassnode.

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