Solana’s recent inflows have surpassed $400 million, demonstrating an impressive trend driven primarily by institutional investments and bridging from other networks. This influx signals a bullish outlook for Solana and its real-world applications.
Solana inflows topped $400 million in one week, led by ETFs and institutional products.
Bridged assets from Ethereum accounted for approximately 62% of these inflows.
Solana’s total assets under management reached $2.84 billion, reflecting its growing adoption.
Stay informed about Solana’s growth and the implications of its increasing market activity. Explore the potential of crypto investments today!
What is driving Solana’s inflows?
Solana’s remarkable inflows, exceeding $400 million last week, are mainly influenced by institutional investments and products such as ETFs. One contributing factor is the REX-Osprey inflow amounting to $166.7 million, signifying strong institutional interest.
How are assets being bridged to Solana?
Bridging to Solana has become a key trend, with over $230 million transferred from other chains, chiefly from Ethereum (around $126 million). Other notable contributions came from Arbitrum One and Base chain, further enhancing Solana’s standing among cryptocurrencies.
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This month, Solana has seen total inflows of around $199 million, highlighting its ongoing attractiveness in the crypto market.
Only Ethereum and Bitcoin surpassed Solana’s inflows last week, with $2.87 billion and $552 million, respectively, showcasing Solana’s significant market presence.
Solana continues to display strong inflows and market resilience, reflecting its potential for future growth. Both institutional investments and assets from other networks underpin its bullish outlook. As the crypto market evolves, Solana’s sustained appeal might signal further price surges, making it a noteworthy contender in the cryptocurrency landscape.
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Source: https://en.coinotag.com/solana-sees-increased-inflows-amid-market-correction-sparking-interest-in-future-price-trends/