Main to remember
Solana has fully paid the IPO of $ 1.15 billion from Bullish in Stablecoins. Is soil Finally ready for his Wall Street moment?
From a technical point of view, Solana (soil) is lagging behind Ethereum (ETH) on monthly yields, limiting only 5% against 15% ETH. In chain, however, soil has taken notable operational steps.
The network has recently reached a 100K TPS flow, highlighting its first verified peak. But more importantly, Solana has fully treated up to $ 1.15 billion in Bullish $ 1.15 billion via Stablecoins.
Why is it important? Bullish, an exchange of crypto based in the United States, collected $ 1.15 billion in Stablecoins and Solana has set up the entire IPO. This makes it the first L1 to manage the capital market flows natively.
Source: X
In short, Solana’s flow attracts institutional attention.
Usually, cleaning a $ 1.15 billion stablecoin transaction is an important step in the network, putting soil on the radar for Wall Street levels – well beyond the usual “media thread.
However, the divergence between firepower on the ground chain and the price of the prices is notable. Is soil undervalued, or is the capital still serious towards ETH, leaving the potential of Solana underestimated?
The strength on Solana’s chain against market recognition
Solana’s relative force against Ethereum shows clear fatigue.
On the weekly graphic, the Sol / ETH ratio has slipped by almost 50% since April, printing three lower stockings and not holding the support of the rebound. Currently, a weekly overvoltage of 0.73% marks its fourth attempt to build a base.
In chain, the configuration seems to be lower. The daily active addresses of Solana are down by almost 18% this week, compared to 4.2% Ethereum, signaling a decline in the activity of the network and a softer commitment despite the soil flow chops.
Source: Terminal artemis
Although, by zooming in, the ground DAA has gone from 3.1 million to 3.6 million in the last three days, adding around 500,000 active addresses, roughly the same as Ethereum sees in the “total” activity.
It is a solid head sign that the market is aware of the Muscle of the Solana network.
Combine this with the upgraded chain grant, and you have a legitimate bullish signal: Sol moves serious capital, not just chatter. As a result, its Cred Wall Street is starting to look more than a simple hype ETF.
