Solana Outpaces Ethereum With 3.45% Gain, $25.4M Inflow

Solana (SOL) has recently outpaced Ethereum (ETH) in several key areas, reflecting a shift in investor sentiment and market dynamics. The SOL/ETH chart has shown a significant surge, indicating that Solana is gaining more traction than ETH. This surge can be attributed to the recent growth in transactions and network usage on the Solana blockchain.

Over the past month, sol has experienced a bullish run with a positive outcome of 3.45%, while ETH has dropped by 14.37%. This performance gap highlights Solana's growing dominance in the market. The recent gain in market dominance by Solana over Ethereum suggests a potential impact on the assets' price moving forward.

In the last 24 hours, the SOL/ETH daily chart closed above $0.08043, marking its highest level since inception. This milestone signals a fresh wave of capital rotation into Solana, as investors allocate more funds into SOL relative to ETH. This move typically reflects expectations of stronger performance from Solana in the short to mid-term. Artemis’ liquidity flow data aligns with this shift, showing that Solana posted a positive net inflow of $25.4 million over the past week, while Ethereum saw a negative net flow of $8.8 million, indicating a pullback in investor confidence as liquidity exited the network.

Solana’s recent market share growth has been fueled by increased on-chain activity. Daily Active Addresses recently reached 6.2 million, marking the highest level since February. This surge highlights a rising interest in the market, with more users actively engaging with the network. This increased activity drives demand for SOL, as daily transactions conducted on Solana rose to a high of 96.1 million, up from a low of 69.5 million on the 1st of March. The availability of stablecoins on Solana has reached $12.6 billion, implying increasing demand for use on the network and adding to the potential growth for SOL and its value over time.

The market response to Solana’s recent activity has been encouraging. After two days of selling, during which $95.54 million exited the market, spot traders have resumed buying—a clear indicator of renewed interest. Over the past 24 hours, spot traders purchased $9.28 million worth of assets, further boosting sentiment. If on-chain activity continues to favor bulls in the market, along with continued spot trader accumulation, then SOL is primed for a further rally.