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Solana Outperforms Ethereum With $16M Inflows

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By on July 8, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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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.

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