Ethereum

Solana

Skyrocketing

<p>Solana is catching attention in the crypto world with its strong performance against <a href="https://coinpedia.org/news/bitcoin-breaks-91k-again-altcoins-follow-suit-whats-next/" target="_blank" rel="noreferrer noopener">Bitcoin</a> and record-breaking blockchain activity. The SOL/BTC ratio has broken out of a long consolidation phase, and on-chain metrics are hitting new highs. </p>   
<p>Could this be Solana’s time to shine and challenge Ethereum? Let’s break it down.</p>   
<h2 class="wp-block-heading" id="h-sol-btc-ratio-breaks-out-after-8-months">SOL/BTC Ratio Breaks Out After 8 Months</h2>   
<p>After months of little movement, the SOL/BTC trading pair surged by over 1% last week, breaking out of its triangular consolidation pattern. This shift signals that the bulls may be taking control, which is a promising sign for traders.</p>   
<figure class="wp-block-image aligncenter size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/19174255/sol-btc-price-chart-1-1024x486.png" alt="solana btc price chart" class="wp-image-381874">
</figure>   
<p>The technical indicators back up this momentum. The MACD histogram recently flipped above zero, a classic signal of growing market strength. It’s as if the market is preparing for the next big move. The question now is whether Solana can keep up the momentum.</p>   
<h2 class="wp-block-heading" id="h-on-chain-activity-solana-sets-new-records"><strong>On-Chain Activity: Solana Sets New Records</strong></h2>   
<p>Beyond the charts, Solana is showing impressive on-chain activity. In the week leading up to November 17, Solana’s decentralized exchanges (DEXs) saw $41.6 billion in trading volume. This is more than Ethereum, Base, and Binance Smart Chain combined—Ethereum only recorded $14.3 billion in that same period.</p>   
<figure class="wp-block-image aligncenter size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/19174321/solana-dexs-trading-volume-1-1024x408.png" alt="" class="wp-image-381876">
</figure>   
<p>So, why the surge? Retail traders, especially those involved in memecoin trading, are flocking to Solana. This isn't just hype; Solana’s blockchain is proving it can handle a huge volume of transactions, giving it an edge over other networks.</p>   
<p>Another key indicator is DEX fees. Raydium, one of Solana’s leading DEXs, generated $72.83 million in fees last week, surpassing Ethereum’s $67 million. This highlights Solana’s growing appeal among traders and its ability to outpace Ethereum in efficiency and transaction costs.</p>   [post_titles_links postid="381249"]   
<h2 class="wp-block-heading" id="h-solana-vs-ethereum-the-bigger-picture">Solana vs. Ethereum: The Bigger Picture</h2>   
<p>Solana is clearly stepping up, but can it replace Ethereum? That’s a tough call. Ethereum has a massive lead in developer support and ecosystem size. But SOL is faster, cheaper, and now proving it can handle retail demand. </p>   
<p>If Solana can continue to innovate and attract more users, it could apply increasing pressure on Ethereum, potentially surprising many.</p>   
<p><strong>Solana’s climb is far from over—what comes next could change the game for the entire industry</strong></p>

Is Solana Going to Dethrone Ethereum?

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