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Solana OUTPERFORMS Bitcoin and Ethereum: it's the top retail choice
By Davide Grammatica
Among retail investors, Solana has surpassed Bitcoin and Ethereum in popularity: it is the favorite asset of the “new crypto public”
Solana's growth
Solana has surpassed Bitcoin and Ethereum in terms of “popularity”. This is revealed in the recent report “Charting The Tides” by the cex Gemini and the analysis platform Glassnode, reporting a rate of adoption of SOL that is unmatched by its competitors.
The analysis refers to the retail public, i.e. small investors, whose numbers have grown on the wave of the Bitcoin rally in 2024. To monitor them, researchers have isolated the “realized market cap” of each coin traded on each blockchain from active wallets in the seven days prior to the data. And according to this metric, the “hot achieved cap”, migration to Solana would begin in October 2023.
However, there is also more “immediate” data that describes this trend. Solana’s daily active addresses (12.3 million) have long exceeded those of Bitcoin and Ethereum, and are in the order of 16 times that of the former (24 times that of the latter).
The new audience in the crypto world
Memecoins have attracted most of the capital on Solana. After the boom in 2024, the sector remains of primary importance even in the current cycle, and to a much greater extent than on Ethereum or other networks.
From January 2024 to today, for example, Solana’s BONK and WIF have grown 10 times faster than Ethereum’s SHIB and Pepe.
However, the arrival of a “new” audience in the crypto sector has been the most decisive factor. This new retail audience is largely attracted to the growth of BTC, but above all to the advent of Trump in the US, precisely because of the opportunities made available by Solana.
In this sense, it cannot be ruled out that the launch of the $TRUMP and $MELANIA memecoins played a fundamental role. But the most significant growth is not in the US, but among the Asia-Pacific audience
