The post Solana Outperforms Ethereum With $16M Inflows appeared first on Coinpedia Fintech News
Solana’s recent performance has attracted investors and it has overtaken Ethereum by attracting significant investment amidst a $441 million inflow into the crypto market. The inflows were primarily driven by the U.S. contributing $384 million, while other significant contributions came from Hong Kong, Switzerland, and Canada. Bitcoin led the inflows with $398 million, but for the first time, it accounted for just 90% of the total, signifying a broader interest in top altcoins. Solana pulled in over $16 million compared to Ethereum’s $10 million. A significant reason for the outperformance appears to be the ongoing discussions about a potential Solana ETF in the US.