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Interesting performance of the crypto SUI and Solana
The post Interesting performance of the crypto SUI and Solana appeared on BitcoinEthereumNews.com. Today, in particular, we analyze SUI and Solana, also precisely because they can be considered partially as competitors of Ethereum. For now, Ethereum remains the undisputed leader in the DeFi sector, but SUI and especially Solana have come very close to it recently. Crypto analysis: the performance of Solana (SOL) Starting particularly from the end of 2023, Solana began to pose significant competition to Ethereum as the main blockchain for launching memecoin. In fact, during 2024, and especially after the announcement of the launch of the official Trump memecoin in January 2025, Solana seems to have definitively taken the crown from Ethereum as the main blockchain for the launch of memecoin. In July 2023, the TVL on Solana was below 300 million dollars, compared to even 26 billion of Ethereum. The gap was astronomical then. However, by July 2024 the gap had significantly narrowed, with Ethereum rising above 50 billion and Solana jumping above 4. Practically in one year, the TVL in DeFi on Solana had more than tenfolded. The gap has further narrowed over the course of 2025, so much so that now the TVL on Solana has risen to almost 10 billion, while that on Ethereum has risen to 83. Therefore, after a x10 in 2024, the TVL on Solana has marked an additional x2 in 2025. All this has also had a strong impact on the price of SOL, the native cryptocurrency of Solana, but with a non-linear trend. The trend of the price of the crypto Solana (SOL) In July 2023, the price of Solana crypto was about $25. At the end of the year, however, a strong bull run began, which ended up bringing it back to almost $200 in the early months of 2024, against a historical high that was still around $240 at…
The post Interesting performance of the crypto SUI and Solana appeared on BitcoinEthereumNews.com.
Today, in particular, we analyze SUI and Solana, also precisely because they can be considered partially as competitors of Ethereum. For now, Ethereum remains the undisputed leader in the DeFi sector, but SUI and especially Solana have come very close to it recently. Crypto analysis: the performance of Solana (SOL) Starting particularly from the end of 2023, Solana began to pose significant competition to Ethereum as the main blockchain for launching memecoin. In fact, during 2024, and especially after the announcement of the launch of the official Trump memecoin in January 2025, Solana seems to have definitively taken the crown from Ethereum as the main blockchain for the launch of memecoin. In July 2023, the TVL on Solana was below 300 million dollars, compared to even 26 billion of Ethereum. The gap was astronomical then. However, by July 2024 the gap had significantly narrowed, with Ethereum rising above 50 billion and Solana jumping above 4. Practically in one year, the TVL in DeFi on Solana had more than tenfolded. The gap has further narrowed over the course of 2025, so much so that now the TVL on Solana has risen to almost 10 billion, while that on Ethereum has risen to 83. Therefore, after a x10 in 2024, the TVL on Solana has marked an additional x2 in 2025. All this has also had a strong impact on the price of SOL, the native cryptocurrency of Solana, but with a non-linear trend. The trend of the price of the crypto Solana (SOL) In July 2023, the price of Solana crypto was about $25. At the end of the year, however, a strong bull run began, which ended up bringing it back to almost $200 in the early months of 2024, against a historical high that was still around $240 at…
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