• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, September 13, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Solana Holders Stay Strong, Says Glassnode

Jordan Avery by Jordan Avery
December 13, 2024
in Solana
Reading Time: 3 mins read
0
Share on TwitterShare on Facebook

Introduction

Solana holders remain firm. This comes despite a drop in price since November 2021. Back then, Solana reached its all-time high of $263. Prices have since fallen. Yet, many long-term holders have not sold. They show strong trust in Solana’s future. Glassnode says recent sellers are from the last bull run. These sellers bought Solana one to two years ago. They sold during the 2024 rally to take profits. Their share of Solana holdings fell from 48% in June to below 5% by year’s end. Most of this group is now out of the market.

Long-Term Holders Show Faith

With short-term sellers gone, long-term investors now hold more coins. Glassnode says these holders are preparing for the next price rise. They are keeping their coins instead of selling them. On-chain data shows long-term holders own a larger share of Solana. New buyers, holding coins for six to 12 months, have increased their stake. This group now controls 27% of Solana’s supply. Their growing share signals strong trust in the coin. Glassnode also uses a tool called “HODL waves.” This tracks how long people hold their coins. Data shows holders are keeping Solana for longer periods. This suggests confidence in Solana’s future.

Solana Grows in DeFi

Solana’s growth is not just about holders. It is also gaining ground in DeFi. For 10 straight weeks, SOL led in DEX trading volume. It outpaced Ethereum and other blockchains during this time. Solana’s speed and low costs make it a favorite for users. These features attract both traders and developers. Solana’s rising use in DeFi is a key sign of its strength.

Developers Back Solana

SOL is also drawing more developers. In 2024, 7,625 new developers joined the network. This number is higher than Ethereum’s 6,456 new developers for the same year. Developer interest shows strong belief in Solana’s future. Electric Capital, a crypto-focused firm, highlights Solana’s progress. The firm says SOL is closing the gap with Ethereum. While Ethereum has led for years, Solana is catching up fast. Its speed and innovation make it an appealing choice for developers.

Solana’s Path Forward

Long-term holders are staying strong. DeFi activity on Solana continues to grow. New developers are joining the network in large numbers. These factors all point to a bright future for Solana. Solana is proving itself as a leader in the crypto world. Its growth in DEX trading and developer activity shows its potential. Many investors believe it could make its next big move soon. With its growing ecosystem and strong support, Solana seems ready to rise again.

Tags: Blockchaincrypto developersCrypto EcosystemCrypto Growthcrypto holderscrypto market trendscrypto newscryptocurrencyDecentralized FinanceDeFiDEXEthereum alternativeHODL wavesLong-term investmentsolanaSolana adoptionSolana price
Previous Post

WLFI Buys $12M in Crypto, Prices Rise

Next Post

Bitcoin and Ethereum Brace for Key Expiry

Related Posts

Solana ETF With Built-In Staking Is About to Go Live , Here’s What It Means
News

Solana ETF With Built-In Staking Is About to Go Live, Here’s What It Means

June 30, 2025
Solana Hits $145 Again But Could This Time Be Different
News

Solana Hits $145 Again But Could This Time Be Different?

June 29, 2025
Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors
News

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors

June 17, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025
Solana On-Chain Metrics Signal Bearish Turn
News

Solana On-Chain Metrics Signal Bearish Turn

May 7, 2025
Solana Accumulation Phase: $100 Could Be It
News

Solana Accumulation Phase: $100 Could Be It

May 4, 2025

Press Releases

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?
News

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

by Alex Mercer
September 10, 2025

Ripple’s XRP is flirting with the $3 mark again, thanks to a tidal wave of speculation around a potential ETF...

Read more
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier