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Solana More Resilient Than Bitcoin, Ethereum In This Metric, Glassnode Reveals

  • The on-chain analytics firm Glassnode reveals that Solana has shown more resilience than Bitcoin and Ethereum in terms of hot capital.
  • Hot Capital is an on-chain metric that tracks recent capital flows for an asset, combining the Realized Cap of specific coin age ranges.
  • Compared to the December peak, fresh demand for Ethereum has dropped by over 52%, while Bitcoin has seen a larger drop of 77%.
  • In contrast, Solana's hot capital has only decreased by 25% since December, showcasing its resilience compared to BTC and ETH.

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