Solana Is Outperforming Bitcoin and Ethereum: Here’s Why
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The post Solana Is Outperforming Bitcoin and Ethereum: Here’s Why appeared first on Coinpedia Fintech News The cryptocurrency market is experiencing a steady rise today, with total capitalization increasing and Bitcoin holding above $ 111,000. However, the spotlight has shifted to Solana (SOL), which is outperforming both Bitcoin (BTC) and Ethereum (ETH), showcasing strong fundamentals that crypto users should not overlook. Solana Price Breaks $211 With Retail Support Solana surged past $211 this week, driven by an 11-week high in retail sentiment. Unlike past rallies dominated by whales, this wave is fueled by smaller traders, bringing healthier market participation. Retail entry often signals sustainable growth, reducing the overreliance on big holders. Liquidity on the Solana network is strengthening rapidly. Stablecoin supply jumped from $10B in July to $12B in just weeks, giving DeFi activity a strong boost. This surge in on-chain liquidity provides deeper market depth and greater stability for Solana-based protocols. Solana DeFi TVL Doubles to $11B Confidence in Solana’s ecosystem is reflected in its total value locked (TVL), which has nearly doubled from $6B to $11B since the last market dip. At the same time, Solana is leading DEX trading volumes, overtaking Ethereum, BNB Chain, and Base over the past 24 hours. This indicates traders are increasingly choosing Solana for faster and cheaper transactions. Whales Ditch Ethereum For Solana Adding fuel to the rally, on-chain trackers revealed that Whale 0x9e8b, who has already realized over $15M in profits on Hyperliquid, just opened a massive new position: Long 141,611 $SOL ($30.7M) with 20x leverage Short 6,698 $ETH ($30M) with 25x leverage This classic rotation trade suggests confidence that Ethereum’s run may be cooling off while Solana still has room to outperform. Such aggressive positioning underscores rising conviction among big players that SOL could be the next market leader. Institutions…
Filed under: News - @ August 29, 2025 9:26 am