In Could 2025, Solana obtained over $650 million in bridged property, together with greater than $400 million instantly from Ethereum, in accordance to an X post by the workforce at SolanaNews.sol.
This displays a significant shift away from earlier capital actions in the blockchain world. Though Ethereum stays the chief in decentralized finance (DeFi), costly fuel charges and a congested community have inspired many customers to search different options.
Capital migration suggests shifting dynamics
Solana, recognized for its effectivity and reasonably priced charges, is benefiting from this modification in development. With bridges, customers can switch tokens from one blockchain to one other with out promoting them.
On this case, customers moved their property from Ethereum to Solana, probably aiming to discover cheaper, sooner, or extra rewarding choices. This migration alerts evolving consumer belief and altering preferences, evidenced by their actions.
You May Additionally Like
By contributing $400 million in inflows, Ethereum’s outflows underscore Solana’s rising recognition whereas additionally exposing some weaknesses in the Ethereum community. As new protocols, NFT marketplaces, and yield-generating platforms launch on Solana, customers are more and more keen to migrate substantial quantities of capital to take part.
Cross-chain bridges and Solana’s resurgence
Could’s figures additionally spotlight the rising relevance of cross-chain infrastructure—instruments that make bridging property simpler, sooner, and safer. With out these techniques, shifting a whole lot of tens of millions throughout blockchains could be dangerous and time-consuming.
Now, thanks to extra dependable bridging options, such massive transfers have gotten routine for each retail and institutional customers.
Solana has beforehand struggled with community outages and reliability issues. Nevertheless, the community has made notable enhancements in latest months. Stability has elevated, developer exercise is up, and consumer confidence seems to be returning, proving that belief in the community is being rebuilt.
Regardless of Ethereum sustaining its prime place, it is not the one viable alternative in the house. Options like Solana are quickly gaining traction.
On the time of writing, SOL is priced at $153.60, which is 0.99% decrease than its worth 24 hours in the past. Regardless of this minor decline, its buying and selling quantity surged to $2.9 billion—an 18% enhance from the day before today.
SOL briefly rose above $159 earlier in the day earlier than dropping again to its present degree. Because the chart reveals, Solana is holding regular, although resistance round $159 stays a barrier.
The downward motion marked by the pink phase on the chart’s proper edge could point out that some merchants are taking income.
