I had recognized ETH(Ethereum) was the king of altcoins. As time goes by, SOL DEX(Decentralized Exchange) trading volume has increased. Now, SOL DEX 24h trading volume beats a sum of ETH & BASE which is a L2(Layer 2) chain of ETH. It's mind-blowing 🌬🤯
Furthermore, let's approximately calculate ratios of 24h trading volumes to DEX TVL(Total Value Locked).
👉 SOL trading activity, compared to SOL TVL ≈ 1.28
👉 Sum of ETH & BASE trading activity, compared to ETH & BASE TVL ≈ 0.19
When it comes to trading activity considering TVL, SOL is pretty much higher than ETH & BASE.
I think this means users prefer using Solana chain rather than ETH & BASE. I'm just saying, based on the data.
I think it's inevitable that spot SOL ETF is approved by the 🇺🇸 SEC(Security Exchange and Commisions). It's a matter of time. I hope it will happen this year before this cycle ends. If it occurs, SOL will lead this 3rd altseason 🚀
Do you think #SOL can reach $1000 ?
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