Solana’s 30-day realized cap has recovered by 4-5%, showing a reversal of capital outflows that has been experienced for months.

The constant performance of XRP provides an effective benchmark for measuring the current recovery of Solana.

As Glassnode indicates, Solana’s positive development may be at the start of a new wave of investor confidence and ecosystem strength.

In a recent post on X, on May 15, 2025, Glassnode reported that the realized market capitalization for SOL, which corresponds to the total value of all coins if the last moved price point is taken into account, has entered the positive territory within the last 30 days. 

This is a major indication that the interest of investors and funds are seeing a return to the Solana ecosystem.

Chart Highlights Trends Of Growth In XRP and SOL

Data reveals that, now, SOL is experiencing 30 days of growth of realized capitalization of roughly 4-5 %. This rate of growth puts it at the same level as XRP, which has also experienced the same growth in the past weeks. 

This trend, according to Glassnode, may portend the start of broader recovery for Solana, whose ecosystem had been under pressure thanks to sustained outflows in the previous months.

Source: X @Glassnode

The chart in the post offers a visual comparison of the 30-day percent change in realized cap of both SOL and XRP from late December 2024 to mid-May 2025. The green ones depict XRP, but the purple ones depict SOL. 

From December end to beginning of January, Ripple was bullish as the realized cap rise went over 35%. SOL only made modest gains during the same period.

Solana Recovery Indicates Resurgent Confidence of Investors

With weeks going into February and March, XRP was mostly up in terms of gradual growth, albeit at a decreasing rate, while the realized cap of SOL continued to be deeply negative: plummeting into the negative territory of -5% during mid- and late March.

The phase of decline signalled a prolonged period of escaping capital from the Solana network, implying lack of interest from investors as well as less confidence in the short term.

From April though, the situation started stabilizing for SOL. The negative trend of the growth decelerated and the bars started rising again in early May. According to the figures, in the middle of May, Solana has retraced the positive 30-day realized cap growth. 

This uprising in capital inflow indicates that the confidence of the investors is being restored and the desire for Solana may be gathering momentum.

SOL’s Future Growth Depends on Maintained Momentum

XRP, however, has not seen any significant movement, as it was hanging around about the same 4–5% figure through the early days of May. This uniformity from XRP gives a comparative benchmark to which Solana’s recovery can be gauged better.

Glassnode concluded that this recovery of SOL from a state of capital decline for several months indicates an emerging possibility of a direction reversal and a rise in investor appetite for the Solana ecosystem.

Related Reading | Bitcoin’s $2.05T Market Cap Breakdown: Who Holds the Most BTC?

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Filed under: Bitcoin - @ May 15, 2025 11:00 pm