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Solana entities sold 50M tokens to FTX — How long will SOL price suffer?

Most of FTX's Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028.

Solana (SOL) has lost 60% of its market value in a week due to its exposure to the now-defunct crypto exchange FTX, which could continue to haunt the "Ethereum killer" well into the future.

FTX/Alameda exposure hurting Solana price

FTX and its sister-firm Alameda Research is liable to have control over 50 million SOL, according to Solana's statement released on Nov. 10.

The FTX entities received 4 million SOL from the Solana Foundation on Aug. 31, 2020. They also started receiving a portion of 12 million SOL from Sep. 11, 2020, and nearly 34.52 million SOL from Jan. 7, 2021, through a "linear monthly unlock" mechanism.

Summary of SOL sales to FTX/Alameda Research. Source: Solana Labs

Furthermore, the FTX entities started receiving portions of a 7.5 million SOL reserve from Solana Labs on Feb. 17, 2021. Notably, a transaction worth 62,000 SOL between the same entities stands unsettled.

Most SOL tokens promised to FTX/Alameda are vested, meaning the firm does not yet have them in custody but is liable to receive them through the linear monthly unlock mechanism. The last of these unlocks will occur by January 2028.

That leaves the market with interpretations about what might happen to the SOL tokens once they are unlocked, given FTX's bankruptcy filing that's likely to put a freeze on all remaining funds.

Also, the firm reportedly has $9 billion in liabilities versus a $1 billion balance sheet, which could prompt its trustees to liquidate its SOL holdings to repay debtors.

To avoid such a scenario, Solana could make technical changes to its token economy, reducing FTX's impact. One recent governance proposal submitted on Nov. 13 presented a few options that could be on the table, including:

  1. The errant allocation is burned.
  2.  Increase the lock to 10 years on the errant allocation.
  3. Airdrop all SOL token holders' additional SOL, except for the party holding the errant allocation.
  4. A combination of the above.

SOL price relief bounce?

From a technical perspective, Solana shows signs of bullish divergence between its price and relative strength index (RSI).

A bullish divergence materializes when an asset's price forms lower lows but its momentum indicator form a higher low. Traditional analysts see it as a buy signal, which may result in a short-term SOL price recovery on its daily chart.

SOL/USD daily price chart featuring bullish divergence. Source: TradingView

SOL/USD could rise toward $18, its range resistance level, in the event of a short-term recovery. In other words, a 20% rebound.

Related: Liquidity hub Serum forked by developers after FTX hack

But on longer-timeframe charts, SOL could see further decline toward $2.50, or an 80%-plus drop, in 2023, based on a giant head-and-shoulders setup shown below. 

SOL/USD weekly price chart featuring head-and-shoulder breakdown setup. Source: TradingView

Interestingly, the token's downside target falls in its most voluminous range, per its Volume Profile Visible Range, or VPVR, indicator.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Solana erases its ‘Google rally’ gains but a 50% SOL price recovery is still in play

Solana bulls show signs of countering the ongoing correction trend, raising anticipations that SOL price would recover in the coming months.

A recent price rally in the Solana (SOL) market ran out of steam midway as traders’ attention shifted to crypto-focused hedge fund Alameda Research’s insolvency rumors.

Alameda Research insolvency rumors affect SOL 

On Nov. 7, SOL’s price plunged nearly 6% to about $30.50. The intraday selloff came as a part of a broader pullback trend that started on Nov. 5 when SOL peaked at around $38.75. Between then and now, the Solana token is down over 20%.

SOL/USD daily price chart. Source: TradingView

The beginning of SOL’s plunge coincided with reports that Alameda Research has liabilities worth $8 billion but may not have liquid assets on its balance sheet to meet those obligations.

Interestingly, the value of all those assets plunged synchronously in the past 48 hours — including SOL, as well as FTX Token (FTT), Serum (SRM) and Oxygen (OXY) — on fears of cascading liquidation if Alameda Research becomes insolvent.

Google partnership, NFT growth

Nevertheless, traders showed interest in holding SOL’s price above $30, a technical support level, on Nov. 7. One reason could be a flurry of optimistic news that emerged over the weekend, including the launch of smartphones, DApp stores, and a Google Cloud partnership.

In addition, Solana continues gaining higher traction in the nonfungible token (NFT) sector. For instance, the total number of NFTs released on the Solana blockchain is up 19.3% quarter-over-quarter to reach over 8 million in Q3 2022.

“Several developments across Solana’s NFT sector allowed it to maintain a strong position relative to a peer group of the top L1s by secondary NFT sales volume,” noted James Trautman, researcher at data resource Messari, adding:

“Secondary sales volume managed to eclipse Ethereum in early September. The majority of the activity during that period took place on Magic Eden V2.”
Solana NFT secondary sales volume dominance. Source: Messari/CryptoSlam

On Nov. 2, Instagram added support for Solana-based NFTs, enabling users to create, sell and market their favorite digital arts and collectibles.

50% SOL price rebound?

As mentioned above, the SOL price’s correction showed signs of exhaustion when it retested $30 as its support level on Nov. 7.

SOL/USD daily price chart. Source: TradingView

Since August 2022, two rebound moves from this support line saw SOL recovering to nearly $37, excluding one time when the price slipped toward $27.75 in October. The same price ceiling, coupled with a multi-month descending trendline resistance, was instrumental in capping the Solana token’s price rally in the week ending Nov. 6.

Related: Solana’s co-founder addresses the blockchain’s reliability at Breakpoint

A break above the $37 resistance line could have SOL test the $44.25-47 range thereafter, or a 50% price rally when measured from current price levels, by December 2022

Conversely, an extended selloff below the $27.75-$30 support area risks sending SOL’s price to around $19.50, or about 40% lower than today’s price.

SOL/USD weekly price chart. Source: TradingView

The $19.50 level served as support between March and July 2021, as shown in the chart above.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’

Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused the network’s native currency to slide 4% lower against the […]

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3 reasons SOL price is up 30% in two weeks — will Solana’s uptrend continue?

A mix of solid fundamental and technical catalysts helped SOL price reach its best level in three weeks.

Solana (SOL) ticked higher on Sep. 13, mirroring similar upside moves in the broader cryptocurrency market, led by Bitcoin (BTC) and Ether (ETH).

On the daily chart, SOL's price gained over 4% to $39, its best level in three weeks. The token's intraday gains came as an extension of a prevailing uptrend that has seen its price gaining 30% in just two weeks.

SOL/USD daily price chart. Source: TradingView

In comparison to Solana, Bitcoin and Ether underperformed, securing 16% and 22% gains in the same period. Let's look at the mix of fundamental and technicals that may have prompted SOL to rally higher.

Helium's merge with Solana

On Aug. 30, core developers behind the Helium Network, which offers decentralized wireless 5G network coverage by enabling users to become hotspots, announced a governance proposal to migrate to the Solana blockchain from its native chain. 

The Helium developers cited their "need to improve operational efficiency and scalability" while seeing Solana as an ideal fit.

SOL is the staking and transaction payment token inside the Solana ecosystem.

SOL/USD weekly price chart. Source: TradingView

NFT boom

The latest buying period in the Solana market has also coincided with upticks in its nonfungible token (NFT) metrics.

Notably, volume across NFT marketplaces like OpenSea, Metaplex, and Magic Eden reached nearly 1.2 million SOL (~$42.8 million) in the week ending Sept. 11, data tracked by Nansen shows. That further accompanied a rise in NFT transactions, hitting a record high of over 1 million in the same period.

The jump in Solana's activity appeared as a unique bright spot in the NFT sector that's otherwise seeing lower demand in recent months. For instance, the trading volume at the leading NFT marketplace OpenSea has seen a drastic decline.

Of all Solana NFT collections, the newly-launched "y00ts mint t00b" collection recently secured the most trading volume, with HyperSpace tallying the average figure at around $18.45 million per day.

SOL's technical bounce

From a technical perspective, SOL's 30% rally started after testing a historically significant support level.

SOL/USD has been consolidating sideways inside a range defined by two flat, parallel trendlines since May 23. A drop toward the lower trendline (support) has been typically followed by a 58%-60% bounce toward the upper trendline (resistance).

Related: Network outages have been Solana’s ‘curse,’ says co-founder

Similarly, a pullback from the upper trendline has seen SOL's price crashing toward the lower trendline, as shown below.

SOL/USD weekly price chart. Source: TradingView

With SOL rebounding, its path of least resistance appears to be toward the upper trendline near $47.50, up around 38% from current price levels.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Solana (SOL) price is poised for a potential 95% crash — Here’s why

SOL price gained 75% in the past two months, but technical analysis suggests it could be an elaborate bull trap.

Solana (SOL) price rallied by approximately 75% two months after bottoming out locally near $25.75, but the token's splendid upside move is at risk of a complete wipeout due to an ominous bearish technical indicator.

A major SOL crash setup surfaces

Dubbed a "head-and-shoulders (H&S)," the pattern appears when the price forms three consecutive peaks atop a common resistance level (called the neckline). Notably, the middle peak (head) comes to be higher than the other two shoulders, which are of almost equal height.

Head and shoulders patterns resolve after the price breaks below their neckline. In doing so, the price falls by as much as the distance between the head's peak and the neckline when measured from the breakdown point, per a rule of technical analysis.

It appears SOL has been forming a similar bearish setup on its longer-timeframe charts.  

SOL/USD weekly price chart featuring H&S breakdown. Source: TradingView

On the weekly chart, the token has been forming the right shoulder of the overall pattern, suggesting a correction toward the neckline at $27 during the second half of 2022. Meanwhile, a breakdown below $27 could result in an extended correction toward $2.80.

In other words, a 95% price decline by the end of 2022 or early 2023, a setup also projected by pseudonymous analyst "PROFIT BLUE."

Is this a bear market rally?

Solana's extremely eerie bearish setup appears as it closely tails trends across risk-on markets, mainly driven by the Federal Reserve's hawkish response to inflationary pressures.

For instance, SOL closed the week ending Aug. 14 at a 10.5% profit, similar to Bitcoin (BTC) and the benchmark S&P 500 index. These markets reacted to a softer-than-anticipated U.S. consumer price index (CPI), raising possibilities that the Fed would slow the pace of its interest rate hikes.

SOL/USD and S&P 500 daily correlation coefficient. Source: TradingView

But many analysts have warned about these ongoing price rallies in the risky corners of the market, citing pieces of historical evidence of similar bear market bounces. So, SOL's 75% rebound risks turn into a fakeout if its correlation with riskier assets remains positive.

From a fundamental perspective, Solana also faces extreme FUD due to its recurring network outages and rumored centralization. However, the project's backers have introduced new upgrades to fix these issues, as Cointelegraph discussed.

But even then, a 95% price crash is too "wild," suggests market analyst IncomeSharks, saying that it would mean Solana is a rug pull project like Terra (LUNA) — now Terra Classic (LUNC).

Related: Fallout from crypto contagion subsides but no market reversal just yet

The next big drop could have SOL explore bounce opportunities near a multi-year ascending support trendline, as shown below.

SOL/USD daily price chart. Source: TradingView

In other words, SOL's bearish continuation could last until its price hits $20, down over 55% from August 16's price.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Ominous Solana technicals hint at SOL price crashing 35% by September

Solana is tailing broader crypto market trends while battling concerns about repeated network outages and centralization.

Solana (SOL) risks a significant price correction in the coming weeks owing to a classic bearish reversal setup.

A 35% SOL price correction ahead?

On the three-day chart, SOL's price has been painting a rising wedge, confirmed by two ascending, converging trendlines and falling trading volumes in parallel.

Rising wedges typically result in breakdown, resolving after the asset's price break below the lower trendline. If the price follows the breakdown scenario, it could fall by as much as the maximum distance between the wedge's upper and lower trendline.

SOL is far from a breakdown but trades within a falling wedge range, as shown in the chart below. The token eyes an immediate pullback from the wedge's upper trendline with its interim downside target sitting at the lower trendline around $45. 

SOL/USD three-day price chart. Source: TradingView

It will risk falling toward $30 if the price breaks below the lower trendline while accompanying a rise in trading volumes. In other words, a 35% price drop by September.

Conversely, a bounce from the lower trendline could have SOL eye an immediate rebound toward the wedge's apex point at around $53.50.

A decisive breakout above the upper trendline would invalidate the bearish reversal setup, if SOL rises to the 50-3D exponential moving average (50-3D EMA; the red wave) near $58.

Battling FUD

Solana's rising wedge breakdown setup appears as it battles a flurry of negative events, including repeated network outages, centralization concerns and a widespread exploit that targeted Solana wallets.

Nevertheless, SOL rallied nearly 40% in August, mirroring other crypto assets that gained around 11% month-to-date on average.

A part of Solana's gains also after its team quickly clarified that Slope, a Web3 wallet provider, was solely responsible for the $8 million exploit of crypto wallets, including Solana's.

Similarly, Solana released its first "Validator Health Report" on Aug. 10 in response to accusations that its network is heavily centralized. It reported that Solana's proof-of-history (PoH) blockchain has over 1,900 block-producing nodes worldwide.

Nearly 88% of those nodes are operated by independent entities, the report added. 

SOL/USD daily price chart. Source: TradingView

Additionally, in May, Solana developers focused on implementing the early stages of their Mainnet Beta v1.10 series, introducing QUIC and Quality of Service (QoS) packets by stake weight and fee prioritization to defend the network against potential outages.

Related: Is your SOL safe? What we know about the Solana hack | Find out now on The Market Report

"It appears that the network showed signs of stabilization post-v1.10 as lower transaction fees occurred and the daily transaction count reversed the trend between the middle of May and the end of June," noted James Trautman, a researcher at Messari, in his Solana Q2 report.

Solana network usage. Source: Messari/Solscan

Solana's transactions per second (TPS) also improved, from as low as ~700 during network outages to all-time highs above 3,000 after v1.10 began to roll out. Trautman added:

"If implementations of v1.10 and subsequent versions continue to drive stability along with successful ecosystem growth strategies, fundamentals will likely move in a positive direction, and network value may too."

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Solana Suffers Exploit — Close to 8,000 SOL-Based Wallets Have Been Compromised

Solana Suffers Exploit — Close to 8,000 SOL-Based Wallets Have Been CompromisedThe Solana smart contract project is suffering from issues once again after it was discovered that close to 8,000 Solana-based wallets have been compromised. Solana is asking victimized wallet owners to complete a survey and the team stressed that “engineers are investigating the root cause.” Solana Investigates Massive Wallet Exploit, Root Cause of the Hack […]

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Solana eyes 40% jump in August despite long-term bearish signals

The bear flag setup for SOL price could result in another interim relief rally amid macro headwinds.

Solana (SOL) dipped to a two-week low at around $35.50 on July 26, mirroring downside moves elsewhere in the crypto market. Nonetheless, technicals suggests that Solana's price flirts with the prospects of rising 40% in August.

SOL hits key inflection point

Ironically, the bullish setup for Solana emerges out of a classic bearish continuation pattern.

On the daily chart, SOL's price has been consolidating inside what appears to be a "bear flag," a technical pattern that develops during a downtrend and gets resolved after the instrument exits it with further price drops.

The so-called bear flag breakdown has not happened yet. Instead, SOL has been holding the lower trendline as support, raising possibilities of a sharp rebound toward the upper trendline, as illustrated in the chart below.

SOL/USD daily price chart featuring 'bear flag.' Source: TradingView

The rebound setup exposes SOL to a potential rally toward $49.50 in August, up 40% from today's price. The $49-$50 level had served as both support and resistance in May.

Solana network performance still a concern — researcher

The potential bear flag rebound will serve as interim relief to Solana bulls, given SOL's overall bias remains skewed to the downside.

Macro forces such as the Fed's hawkish monetary policies and the collapse of the $40 billion "algorithmic stablecoin" project Terra have sent the crypto market into a tailspin. As a result, Solana, like any other risky asset, has suffered declines across its financial and network usage metrics in 2022.

For instance, the average number of daily transactions atop the Solana blockchain plunged by 17.6% in Q2/2022 versus the previous quarter, according to data from Messari.

Meanwhile, Solana's revenue dropped 44.4% quarter-on-quarter (also because of recurring network outages).

Solana Financial Overview Q2/2022. Source: Messari

"As seen in 2021 and throughout Q1 and Q2, degraded network performance decreases network usage and reduces the network’s continued flow of revenue," noted James Trautman, a researcher at Messari, adding:

"If Solana were to continue to experience degraded performance that lasts for a material amount of time, a resulting drag on fundamental usage may catalyze volatility and drag on network value."

Bear flag breakdown?

The mix of macro and network-related concerns risk triggering the bear flag breakdown by September.

Related: All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

SOL's decisive close below the flag's lower trendline means more downside is likely to the $21-$23 region, according to the technical setup illustrated below.

SOL/USD daily price chart featuring bear flag breakdown setup. Source: TradingView

In other words, a 35%-38% drop from current price levels.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Solana price enters correction territory after 80% monthly gains

SOL's bear flag setup sees its price declining to $21 by September 2022.

Solana (SOL) ticked modestly lower on July 20 after testing a critical technical resistance, suggesting further pullback moves in the coming weeks.

SOL price eyes 50% wipeout

SOL's price decreased by over 4% to $44 after failing to breach a multi-week ascending trendline resistance. Interestingly, this resistance level comes as a part of what appears to be a bearish continuation pattern dubbed the "bear flag."

A previous test of the same resistance trendline in late June had preceded a 30%-plus price drop, illustrating a higher distribution sentiment among SOL traders near the level. Therefore, the latest pullback from the same range could lead to an extended downside retracement. 

SOL/USD daily price chart. Source: TradingView

Meanwhile, the bear flag's lower trendline has been capping SOL's sharp pullback moves. As a result, SOL's extended correction scenario could have its price hit the support level, now near $35.40 — a 20% drop from current price levels.

Additionally, a decisive close below the lower trendline would risk triggering the bear flag breakdown setup, wherein the price falls by as much as the height of the downtrend (called "flagpole") that preceded the flag's formation.

SOL/USD daily price chart featuring "bear flag" breakdown scenario. Source: TradingView

That puts SOL on the road to levels near $21 by September, down over 50% from today's price.

What experts are saying about Solana

The bear flag setup appears after SOL's 80%-plus price rally since June 14, primarily driven by a similar recovery across the crypto market.

For instance, Ether (ETH), Solana's top rival in the smart contract space, has risen over 85% more than a month after bottoming out locally at $880. Similarly, Bitcoin (BTC) is up 35% in the same period.

SOL/USD and BTC/USD daily correlation coefficient at 0.97. Source: TradingView

Independent market analyst Altcoin Sherpa sees SOL's price rising to the $60-$80 area in 2022 if Bitcoin continues to climb.

Conversely, Andrey Diyakonov, chief commercial officer at Choise, notes that demand for SOL could drop due to Ethereum's transition to proof-of-stake in September.

"The new Ethereum protocol has the same advantages as Solana, and investors may choose to stick with Ethereum should the high gas fees and scalability woes be solved," Diyakonov explained.

Related: 3 reasons why Solana can repeat Ethereum's 2018 fractal to 5,000% gains

Paweł Łaskarzewski, co-CEO at Synapse Network, fears SOL's ongoing price rally could be a bull trap, noting that SOL, alongside the rest of the crypto market, still faces macro hurdles led by higher inflation and rising lending rates.

He said:

"We might see small ups on the price of Solana but due to the current market state, I would not expect any big changes"

Solana funds add $110.8M in 2022

Meanwhile, institutional interest in Solana continues to look better compared to Ethereum, according to CoinShares' latest weekly report.

Net flows into crypto funds in 2022 (by assets). Source: CoinShares

Notably, Solana-backed funds have attracted $110.8 million into its coffers since the beginning of this year. In comparison, Ethereum-based investment vehicles have witnessed withdrawals worth $446.1 million from their reserves in the same period, including $2.5 million in the week ending July 15.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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3 reasons why Solana can repeat Ethereum’s 2018 fractal to 5,000% gains

Solana's price can mimic Ethereum's impressive recovery after the 2018 bear market, analysts argue.

Solana (SOL) still has room to fall in the near term, but SOL/USD can rally 5,000% if it follows in the footsteps of its top rival Ethereum. 

That Ethereum 2018 fractal

SOL risks dropping to $15 on anticipations it would behave like Ethereum during the market crash in 2018.

Notably, Ethereum's native token Ether (ETH) price fell to nearly $79 in December 2018 after undergoing a 95% correction earlier that year from its peak of $1,529. Afterward, it underwent a long recovery, rising nearly 6,000% over the next four years and thus hitting a record high of around $4,950 in November 2022.

ETH/USD three-day price chart. Source: TradingView

Solana, which rivals Ethereum for its top spot in the smart contracts sector, has fallen by over 85% after peaking out in November 2021 at nearly $267. That leaves the token with the room to fall by another 10% when measured from its said record high.

Popular analyst PostyXBT says SOL could decline to $15, thus mirroring Ethereum's bear cycle in 2018. What's more, the Solana token could see an Ethereum-like recovery in the coming years that could take SOL price to over $750, he adds.

Meanwhile, another popular analyst, Spencer Noon, thinks on the same lines, albeit without sharing a clear upside target.

Noon argues that Solana has been going through a "disillusionment" phase that plagued the Ethereum market in 2018, noting that the project would eventually overcome its difficulties.

"Solana has a vibrant developer ecosystem, and its downtime issues are solvable. This will be obvious in retrospect," he said.

Solana funds attract $110M in 2022

Solana-based investment funds have attracted over $110 million in inflows in 2022 as of July 1, compared to $450.9 million that exited Ethereum funds, according to a recent weekly report by CoinShares. 

Net inflows into/out of crypto funds by assets. Source: CoinShares

The fund inflows appear as Solana's market capitalization gradually creeps toward Ethereum's following its launch in March 2020.

The Ethereum/Solana market cap ratio is currently around 32.5 versus the December 2020 peak of 525.3, according to data tracked by TradingView.

ETH/USD to SOL/USD market cap ratio. Source: TradingView

The metrics suggests a strong capital shift into the Solana ecosystem, a trend that may continue in the coming years. 

NFT volume

Solana is also posing a serious challenge to Ethereum based on other key metrics.

Related: Traders debate whether Solana (SOL) is a buy now that it’s down 87% from its all-time high

For instance, according to Nansen, Solana's weekly volumes across major nonfungible token (NFT) marketplaces, including OpenSea and MagicEden, have been in a constant uptrend, whereas Ethereum's have tapered off in recent months.

Ethereum NFT volume (left) versus Solana's (right). Source: Nansen

Solana fees vs. Ethereum

Additionally, cheaper fees are the primary reason why NFT volumes on the Solana blockchain have risen compared to Ethereum, according to Arcane Research's latest weekly report. 

"The pace of the Ethereum blockchain network has decreased while transaction costs have increased, making way for Solana-based NFT marketplaces to pick up steam," the report noted, adding:

"The average transaction fee on Ethereum was $6.5 in June, in contrast to the few cents users currently pay for block space on Solana.

Similar to NFT volume, the amount of gas fees paid has also seen a strong uptrend since summer 2021 with a smaller drawdown from its peak. 

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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