Modern data showed that Ethereum fell briefly from Solana on a large scale. This raised questions about what it might mean Altcoin seasonBecause ETH usually performs the road during that period.
Ethereum beats behind Solana in PERP size
Defillalama data It indicates that Ethereum failed Solana in the size of PERP by chains on August 14. Previous record a Perp size From 2.667 billion dollars, while the latter recorded a volume of $ 2.989 billion during this period. However, Ethereum quickly regained its position over Solana to occupy the second place behind the excessive liquid in the last two days.
Additional data shows that ETHEREUM recorded $ 2.22 billion in PERP size on August 15, while Solana witnessed $ 1.635 billion in size. Meanwhile, Ethereum amounted to $ 2.22 billion in PERP size on August 16 while Solana size She stood at $ 1.635. Over the past thirty days, ETH also advanced on Solana, previously recorded a volume of $ 61.067 billion, while the latter reached $ 44.406 billion in PERP size.
Moreover, ETHEREUM ranks first in terms of decentralized exchange (DeX), above Solana. the previous Dex size In the past 24 hours, it is $ 4.817 billion, while the latter is 3.869 billion dollars. Over the past thirty days, ETH also recorded the size of DeX, reaching 123.513 billion dollars, while Solana reached 114.681 billion dollars.
ETHEREUM progress coincides with these main standards with the return of its original currency, ETH. The largest altcoin increased by maximum market by more than 33 % in the last 30 days and 78 % in the last 90 days. Solana increased by 10 % and 11 % only during these periods, respectively. This indicates that ETH is still likely to lead the Altcoin season when it finally happens, with Its hem Especially the height against Bitcoin.
Altcoin season is coming, and ETH leads him
in X postCoinbase announced that the Altcoin season is coming and suggested that Ethereum is the main catalyst behind the Altcoin season. The stock exchange noted that as September approaches, the transition to the Altcoin season is likely to be widely. They added that this positive view stems from macro trends, such as capabilities Federal Reserve Discounts And the expected organizational progress.
Regarding the role of Ethereum, Coinbase stated that the institutional interest in ETH is leading the Altcoin season at the present time. This interest is nourishing it Digital assets Such as a bite and Stablecoin novels. The Stock Exchange added that the difference in the Altcoin and Total Altcoin Cap season reflects the high institutional interest in ETH.
At the time of this report, the ETHEREUM price is traded at about $ 4,400 while Solana is $ 188, both of which are in the past 24 hours, according to Data From Coinmarketcap.
Distinctive photo of Pixabay, Chart from TradingView.com
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