VanEck "Solana showed pronounced strength in September… will continue to outperform Ethereum"
Suehyeon Lee
Summary
- VanEck said in a recent report that Solana (SOL) continued its strength in September.
- It said that during September, $2 billion worth of new stablecoins flowed into the Solana network, and tokenized stock market share reached 60%.
- The report said the Solana/Ethereum (ETH) ratio still remains below the trend line, leaving room for relative strength.
Global asset manager VanEck said in a recent report that Solana (SOL) continued its strength in September.
On the 4th (local time), according to Solana Floor, VanEck said in its monthly report, "In last September, $2 billion worth of new stablecoins flowed into the Solana network, bringing total issuance to $14.3 billion, and it recorded a 60% share in the tokenized stock market."
The report particularly analyzed that the Solana/Ethereum (ETH) ratio still remains below the trend line, leaving room for additional relative strength going forward.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
