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Solana Has 9 Weeks of Investment Inflows While Top Coins Bleed

Solana Investment Inflows is a popular choice among investors because it is a top intelligent contract blockchain and DeFi ecosystem, boasting over $305 million in total value locked (TVL). According to CoinShares’ weekly report on digital asset fund flows, Solana was the sole top coin to see inflows in the last weeks. According to the study, Solana received approximately $0.7 million in total funding in the previous nine weeks.

Ethereum (ETH) and Polygon (MATIC) lost $3.2 million and $8.6 million in funding, respectively. A little over $11.2 million left the digital asset fund, bringing the amount for the previous seven weeks to over $342 million. According to CoinShares, the $2.8 billion in digital asset fund flows were traded at a substantially larger volume than typical.

Regulatory worries and ETF uncertainty in the US have caused most altcoins to see outflows in the previous several weeks. Still, more and more investors have shown interest in Solana Investment Inflows since the new year began in January. “Solana continues to be a popular altcoin among investors, with YTD inflows totaling US$26m, despite seeing inflows of US$0.7m for the ninth week in a row,” CoinShares said.

Solana: Can Investor Momentum Continue?

Solana: Can Investor Momentum Continue?

The Solana (SOL) ecosystem has been experiencing a thriving presence of decentralized financial (DeFi) platforms, which has substantially contributed to its high average daily traded volume. As reported by the most recent cryptocurrency price oracles, Solana Investment Inflows had a total market capitalization of roughly $7.8 billion and a 24-hour trading volume of approximately $253 million. Despite this, the Solana ecosystem is still experiencing the repercussions of the collapse of FTX and Alameda Research in the latter part of the previous year.

Concerns about the possibility of liquidation were sparked by the fact that on-chain experts witnessed wallets associated with FTX transferring SPL tokens to the Ethereum network through a Wormhole bridge during the weekend. In addition, FTX possessed more than one billion dollars worth of Solana and the associated coins, which added to the possibility of liquidation pressure as the present administration works to restore the financial stability of creditors. The price of Solana is still trading below the levels that existed before the FTX, with the price hovering around $19.24 on Tuesday.

Building technical infrastructure to onboard mainstream consumers has been an ongoing effort in the Solana ecosystem to ensure its future growth potential. Saga mobile, Solana’s Web3-oriented smartphone, is also available to facilitate secure and hassle-free access to the DeFi protocols. To stay out of the constant monitoring of potential violations of securities regulations, the Solana network must keep working to improve its decentralization.

Also Read: Waka Flocka Flame’s Solana Meme Coin Launch Draws Criticism

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