Is money moving from Ethereum to Solana?
Solana quoted in Ether is in a decisive region.
It has already broken the 2021 high, but it is necessary to be aware of a possible bull trap.
It is interesting to note that Solana's TVL¹ is still 9% of Ethereum.
We obtain this number by dividing the TVL's.
So the chart shows a break above the 2021 all-time high, when it was 8.64%:
However, in the USD quote, the price is in a turbulent region; there may be false breakouts up or down.
¹ Total Value Locked:
total value of assets that are locked in a DeFi protocol through smart contracts
It has already broken the 2021 high, but it is necessary to be aware of a possible bull trap.
It is interesting to note that Solana's TVL¹ is still 9% of Ethereum.
We obtain this number by dividing the TVL's.
So the chart shows a break above the 2021 all-time high, when it was 8.64%:
However, in the USD quote, the price is in a turbulent region; there may be false breakouts up or down.
¹ Total Value Locked:
total value of assets that are locked in a DeFi protocol through smart contracts
Note
During the week the price has been sideways in a box, with a false breakout to the downside.
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