SOL has risen on its own. BTC -0.42%, ETH -0.38%, while it is +1.87%.
First, the hard data: SOL is currently at 120.17 USDT, with a 24-hour range of 117.90 ~ 122.94. In the same window, BTC is -0.42% and ETH is -0.38%. When the broader market is weak, it’s actually a bit tougher.
Let’s connect three things:
1) On 9/21, SOL jumped +7.37% in a single day. A $18 million short position was liquidated, and the price broke through the consolidation range from the previous 7 months.
2) Last week, Solana’s on-chain applications generated daily revenue of $5.09 million—54% more than BSC—keeping Solana firmly in first place among L1s by revenue.
3) The upgrade on 9/7 increased the per-transaction size limit from 1232 bytes to 4096 bytes, so more complex contracts can be packed into a single transaction.
No matter which way things go, I’ll just put the numbers out plainly. As for what happens next, we’ll see.
First, the hard data: SOL is currently at 120.17 USDT, with a 24-hour range of 117.90 ~ 122.94. In the same window, BTC is -0.42% and ETH is -0.38%. When the broader market is weak, it’s actually a bit tougher.
Let’s connect three things:
1) On 9/21, SOL jumped +7.37% in a single day. A $18 million short position was liquidated, and the price broke through the consolidation range from the previous 7 months.
2) Last week, Solana’s on-chain applications generated daily revenue of $5.09 million—54% more than BSC—keeping Solana firmly in first place among L1s by revenue.
3) The upgrade on 9/7 increased the per-transaction size limit from 1232 bytes to 4096 bytes, so more complex contracts can be packed into a single transaction.
No matter which way things go, I’ll just put the numbers out plainly. As for what happens next, we’ll see.
