Simplicity is key here, this is the current situation
BTC dominance - 54%
ETH dominance - 16%
SOL dominance - 3%
However..
- SOL surpassed ETH for daily active users (more people use SOL than ETH on a daily basis for trading coins and jpegs).
- SOL has the highest amount of value flowing in it coming from other chains.
- Total Value Locked in the SOL ecosystem is breaking all time highs every day, showing people adopting supporting and trusting SOL defi protocols.
- Both SOLvs.BTC and SOLvs.ETH Charts are sitting are fighting to break ATH.
- SOL is a one-man-show kind of chain, no Layer 2's needed. Which is good because nobody wants to use a chain that requires bridging assets to different layers.
SOL is the consensus trade of this bull run, 10% is my final target for SOL dominance.
BTC dominance - 54%
ETH dominance - 16%
SOL dominance - 3%
However..
- SOL surpassed ETH for daily active users (more people use SOL than ETH on a daily basis for trading coins and jpegs).
- SOL has the highest amount of value flowing in it coming from other chains.
- Total Value Locked in the SOL ecosystem is breaking all time highs every day, showing people adopting supporting and trusting SOL defi protocols.
- Both SOLvs.BTC and SOLvs.ETH Charts are sitting are fighting to break ATH.
- SOL is a one-man-show kind of chain, no Layer 2's needed. Which is good because nobody wants to use a chain that requires bridging assets to different layers.
SOL is the consensus trade of this bull run, 10% is my final target for SOL dominance.