According to recent data, Ether Leeum fell briefly than Solana as a major indicator. This questioned what it could mean. Altcoin SeasonThis is because ETH usually draws the way for that period.
Ether Leeum is behind the Solana of the perp volume.
Defillama data On August 14, Ether Lee Rium showed that the chain fell behind the solana of the perp volume. Puff volume During this period, the latter recorded $ 26.7 billion, while the latter recorded $ 29.7 billion in puffs. But Ether Lee has quickly recovered the position above Solana to win second place in the last two days.
According to additional data, Ether Lee Rium recorded a $ 2.22 billion perp volume on August 15 and Solana recorded $ 1.66 billion. Meanwhile, Ether Lee Rium hit $ 2.22 billion in Perp Volume on August 16. Solana's volume I was standing at $ 1.635. In the last 30 days, ETH is far ahead of Solana, and the previous recorded $ 67 billion, while the latter had $ 44.6 billion in PERP volume.
In addition, Ether Lee was ranked first in terms of solar or stomach distributed exchange (DEX) volume. Electronic Dex volume The latter is $ 41.7 billion in the last 24 hours, while the latter is $ 3.86 billion. In the last 30 days, ETH has also recorded the largest number of Dex volume and $ 123.513 billion, while Solana recorded $ 114.681 billion.
In this major metrics, Ether Leeum's lead is consistent with the resurrection of ETH, a unique coin. The largest Altcoin has increased more than 33% over the last 30 days and 78% over the last 90 days. During this period, Solana increased 10% and 11%, respectively. This suggests that ETH is still likely to lead the Altcoin season. dominion Especially rising to Bitcoin.
The Altcoin season is approaching and ETH is driving it
at X postCoinbase declared that the Altcoin season is approaching and suggested that Ethereum is the main catalyst for the Altcoin season. The exchange pointed out that as September approaches, it is possible to switch to the full -fledged Altcoin season. They added that this positive outlook comes from macro trends such as potential. Fed rate cut And expected regulatory development.
Regarding the role of Ether Leeum, Coinbase says that institutional interest in ETH is currently leading the Altcoin season. This interest is Digital Asset Finance Department Like Bitmine and stable story. The exchange added that the release of Altcoin Season Index and Total Altcoin's market cap reflects the increase in institutional interest in ETH.
At the time of writing, Etherrium prices are traded at about $ 4,400, while Solana is $ 188 for the last 24 hours. data In CoinmarketCap.
Pixabay's main image, TradingView.com chart
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor's team. This process ensures the integrity, relevance and value of the reader's content.
