Solana Steals Crypto Investors' Attention When Bearish Market

Solana's crypto asset. (Photo; Doc. Yahoo Finance)

JAKARTA - In the midst of the sluggishness of most crypto assets, Solana (SOL) actually appears to the surface and attracts the attention of investors. This smart-contract platform and DeFi (Decentralized Finance) ecosystem worth more than IDR 4.5 trillion has been in the spotlight in CoinShares weekly reports regarding the flow of digital asset funds.

Over the past nine weeks, Solana has recorded an inflow of around IDR 10.7 billion, showing strong interest from investors. Meanwhile, other coins such as Polygon (MATIC) and Ethereum (ETH) experienced an outflow of around IDR 131 billion and IDR 48.9 billion, respectively.

Overall, digital assets experienced an outflow of around IDR 171.3 billion in the past seven weeks, with total outflows reaching around IDR 5.2 trillion. Interestingly, the trading volume of digital assets remains high, reaching around IDR 42.8 trillion, indicating a sustainable interest in the crypto market.

Solana continues to stand out as a promising alternative amid concerns about ETF regulation and uncertainty in the United States. With the entry flow recording for nine consecutive weeks and the total inflow this year reaching IDR 397 billion, Solana has proven to be the most attractive altcoin by investors today.

Although the challenges in the crypto world are not over yet, Solana continues to invite market players, and proves itself to be one of the projects that should be taken into account in the digital asset ecosystem.