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Solana vs Ethereum- Solana’s Fundamentals Are Strong
Solana vs Ethereum– Solana’s [SOL] fundamentals remain rock solid — but the market isn’t buying it.
Over the past 24 hours, Solana’s Total Value Locked (TVL) jumped 2.67%, stablecoin growth surged 500% month-over-month, and protocol throughput remains unmatched. User retention? Still healthy. Structurally, Solana is firing on all cylinders.
SOL Lags Behind as ETH Steals the Spotlight
While Ethereum [ETH] has also faced headwinds — including a massive $10B Open Interest flush — it continues to outperform Solana both in price and investor confidence.
In contrast, SOL is down nearly 10% on the week, leading losses among Layer-1s. Over $4B in Open Interest has been wiped in just two weeks, pointing to a deepening risk-off environment for Solana.
The SOL/ETH pair? Still trending lower — and flirting with critical yearly support.
Institutions Are Buying — But It’s Not Enough
DeFi Dev Corp. (NASDAQ: DFDV) made headlines with a 91% month-over-month increase in SOL holdings, now owning 1.18M SOL worth over $200M. But even with that bullish exposure, SOL only gained 11.57% in July — while ETH soared 48.76%.
Smart money is flocking to Ethereum. Wallets holding over 10K ETH are on the rise, while large SOL holders are dwindling — weakening Solana’s relative strength even further.
Is a Breakdown Inevitable?
Unless we see a clear risk-on catalyst, SOL looks set to lose more ground — especially against ETH. With the $200 psychological level slipping further away, investors are watching closely.
