{"id":386974,"date":"2025-04-04T20:39:31","date_gmt":"2025-04-04T15:09:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/solana-price-pattern-points-to-a-65-surge-as-key-metric-beats-ethereum-by-far-crypto-news\/"},"modified":"2025-04-04T23:03:48","modified_gmt":"2025-04-04T17:33:48","slug":"solana-price-pattern-points-to-a-65-surge-as-key-metric-beats-ethereum-by-far-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-price-pattern-points-to-a-65-surge-as-key-metric-beats-ethereum-by-far-crypto-news\/","title":{"rendered":"Solana Price Pattern Points to a 65% Surge as Key Metric Beats Ethereum by Far – Crypto News"},"content":{"rendered":"

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Solana price has stalled at a crucial make-or-break support level that could determine its next direction. After peaking near $300 in January, SOL price now sits around the key level at $120. This article explores whether its rising transaction count and decentralized exchange volume will help it bounce back.<\/span><\/p>\n

Solana Price Could be Supported by Transaction Count that Beats Ethereum<\/strong><\/h2>\n

Solana has been criticized in the past few months because of the prevalence of <\/span>meme coins and rug-pull scams<\/span><\/a> in its platform. Indeed, data by CoinGecko shows that all Solana meme coins now have a <\/span>market cap of under $7 billion<\/span><\/a>, down from $30 billion earlier this year.\u00a0<\/span><\/p>\n

Still, there are signs that the Solana network is doing well. One bullish factor is that it still leads in terms of the number of transactions in its ecosystem. Data shows that its transaction count in the last seven days stood at 334.8 million, which helped its fees to rise by 17% to $6.25 million. Solana also has over 24.52 million addresses.\u00a0<\/span><\/p>\n

In contrast, Ethereum handled 8.37 million transactions in the last seven days, and made fees worth $4.16 million. It had less than 2 million active accounts in this period. This performance is a sign that the Solana network is still doing much better than Ethereum despite its challenges. TokenTerminal data shows that <\/span>Solana has made $861 million<\/span><\/a> in fees in the last 180 days, higher than Ethereum\u2019s $756 million.<\/span><\/p>\n

More data shows that protocols in the Solana ecosystem handled over $11.2 billion in the last seven days, a 18% increase from a week earlier. While Ethereum\u2019s volume of $12 billion was higher, Solana is seeing faster growth.<\/span><\/p>\n