Home » Altcoins » Capital Inflows Keep Solana Afloat Amid Slower Growth Than BTC and ETH

Capital Inflows Keep Solana Afloat Amid Slower Growth Than BTC and ETH

29.12.2024 16:17 1 min. read Alexander Stefanov
SHARE: SHARES
Capital Inflows Keep Solana Afloat Amid Slower Growth Than BTC and ETH

Blockchain analytics firm Glassnode has reported that Solana’s (SOL) performance on a monthly scale appears to be losing momentum compared to Bitcoin (BTC) and Ethereum (ETH).

The firm used the Realized Cap metric, which tracks the price at which coins were last transacted, to assess the profitability of holders and the direction of capital flow.

Glassnode highlighted that the monthly percentage change in realized cap reveals noticeable differences in momentum among the three assets. During recent market downturns, Solana’s realized cap has declined more significantly than Bitcoin’s or Ethereum’s, signaling a slower rate of capital inflow for SOL compared to the leading cryptocurrencies. Currently, Bitcoin shows a 10.87% increase, Ethereum a 5.43% rise, while Solana lags with just a 2.19% growth.

However, despite the recent slowdown, Glassnode noted that Solana has maintained positive net capital inflows since early September 2023, with only brief periods of outflow. These sustained inflows have fueled price appreciation, with the network at one point recording a peak of $776 million in daily new capital.

At the time of writing, Solana is priced at $186.12, making it the sixth-largest cryptocurrency by market cap. However, it has experienced a slight decline of over 1.5% in the past 24 hours.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
More Altcoins News
Previous News CaretDown
Cardano (ADA) and Ethereum (ETH) look stable, but these 4 altcoins are what might be worth a look

Cardano (ADA) and Ethereum (ETH) are showing encouraging developments as of January 30, 2025; ADA is trading at $0.967259 at the time of writing and ETH at $3,255, reflecting gains of 4.89% and 4.64%, respectively.

Cardano (ADA) Explodes 40% – Billion-Dollar Whale Move Ignites DEBO & DLUME Surge as Best Crypto to Buy Now!

Cardano (ADA) rose 40%, surpassing the $0.40 resistance and reaching $0.45.

Cardano (ADA) Falls Out of Top 10 Cryptocurrencies

Tron has recently surpassed Cardano in market rankings, highlighting a dramatic shift in the blockchain landscape.

Cardano (ADA) Is Being Overlooked By Investors Who Are Focusing On Remittix’s (RTX) 50x Potential

The cryptocurrency market offers thrilling prospects, yet currently, numerous investors appear to be ignoring the cryptocurrency giant Cardano (ADA) in favor of tokens such as Remittix (RTX), which is poised to surge in the upcoming months.

Cardano (ADA) Price, NEAR Protocol and Jupiter (JUP) Align for Growth: 1Fuel’s Market Debut Could Spark a Rally

The market is watching Cardano (ADA), NEAR Protocol, and Jupiter (JUP) set the stage for a massive breakout.

Cardano (ADA) Sees Increased Activity, But Price Remains Flat

Recently, previously inactive Cardano (ADA) coins were moved, coinciding with a surge in daily active addresses and increased trading activity.

Cardano Activity Surges as ADA ETF Decision Nears

Cardano is enjoying renewed momentum as daily transactions on the blockchain push toward 50,000, bolstered by growing excitement over a possible spot ADA exchange-traded fund (ETF).

Cardano And Dogecoin Investors Shift Funds—Is FloppyPepe (FPPE) The Next Crypto To Deliver 58,000% Gains?

Investors are moving away from Cardano (ADA) and Dogecoin (DOGE) as they seek higher upside opportunities in the current market cycle.

Cardano and Ethereum Lead in Developer Activity as GitHub Commits Surge

Recent GitHub data reveals which blockchain ecosystems and individual projects attracted the most developer attention last week—a key signal of long-term project strength.

Cardano and Polkadot Investors: Why Skyren DAO Should Be Your Next Move

Cardano (ADA) and Polkadot (DOT) have long been favored by crypto investors for their innovative ecosystems and continuous growth.

Cardano and Remittix Best Performers During Turbulent February; Which Can Rally Over 300% In The Coming Weeks?

Cardano (ADA) has long been respected as one of the top blockchains out there but its status was called into question in early 2025 as its price was rocked by volatility.

Cardano and Ripple Partnership in the Works? Hoskinson Teases Major Developments

Charles Hoskinson, co-founder of Cardano, has hinted at a potential collaboration with Ripple’s RLUSD stablecoin, revealing that discussions with Ripple Labs’ leadership have taken place.

Cardano Announces One of the Largest Retail Airdrops in Crypto History

Charles Hoskinson has revealed new developments for Cardano’s upcoming privacy-focused sidechain, Midnight, including a massive multi-chain airdrop initiative aimed squarely at retail users.

Cardano Bull Flag Breakout Sparks Optimism for $5 %arget

Cardano (ADA) traders are buzzing after a clear bull flag breakout was spotted on the weekly chart.

Cardano CEO Proposes Partnership with Algorand for AI Innovations

Charles Hoskinson, the creator of Cardano, recently praised Algorand’s blockchain and suggested a potential partnership to advance decentralized AI technology.

Cardano Community Approves Historic Treasury Vote to Fund Core Network Upgrades

Cardano has entered a new era of decentralized governance as ADA holders have, for the first time, voted to allocate treasury funds directly to core protocol development.

Cardano Considers Crypto Wealth Fund to Supercharge DeFi

Cardano’s leadership is floating an unconventional idea: turn part of the project’s war chest into a revenue-generating portfolio that holds Bitcoin and USD-pegged tokens.

Cardano Could Lead Altcoin Season, Says Peter Brandt

Veteran analyst Peter Brandt, who has previously been skeptical of Cardano (ADA), has shifted his stance, capturing the attention of the crypto community with his latest bullish outlook.

Cardano Defies Recent Market Downturn With a 20% Surge – Here is Why

The cryptocurrency market saw widespread declines today, with many major assets losing ground following recent surges.

No Comments yet!

Your Email address will not be published.