The recent strong performance of SOL has attracted a lot of attention, but behind this is not only the strength of the SOL chain itself, but more of the powerful dog dealer behind it. SOL's strategy this round focuses on the people-friendly route, relying on the local dog projects in the community to support the activity on its chain.

In contrast, ETH achieved amazing gains in the last bull market with the rise of DeFi, including on-chain leverage operations such as staking and lending. However, in this round of market cycle, ETH has been affected by regulatory pressure and has to adjust itself to adapt to the new market environment.

Although the high leverage on the ETH chain has brought benefits, it is also accompanied by huge bubble risks. Even if the strategy of cutting off arms for survival is adopted, the challenges facing ETH are still not small. In the past, ETH relied on continuous innovation to maintain its market position, but in this round of cycle, in addition to turning to the POS mechanism, it seems to lack more innovative highlights.

Nevertheless, once the ETF is approved, the potential selling pressure from institutions such as Grayscale may be reduced, and from a long-term perspective, choosing ETH still has its potential value.

During the market crash, the overall decline of SOL and ETH was almost the same, but if we look back at the previous market performance, we can find that SOL's increase was much higher than ETH, which had almost no significant increase before the crash.