Solana recorded a total capital inflow of $650 million (approximately 89.05 billion won) in May, of which $400 million (approximately 54.8 billion won) was from Ethereum.
According to SolanaNews.sol, this large-scale capital movement is a notable phenomenon showing changes in the blockchain ecosystem.
While Ethereum currently maintains its lead in the DeFi market, many users are seeking alternatives due to high gas fees and network congestion.
Asset transfers through bridges allow users to move from one blockchain to another without selling tokens. This large-scale capital movement suggests that Solana's low fees and fast processing speed are emerging as an attractive alternative in the market.
Meanwhile, Solana ($SOL) is currently trading at $153.60, down 0.99% in the last 24 hours. Trading volume increased by 18% compared to the previous day, reaching $2.9 billion, and briefly exceeded $159 during the trading session.
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