A year ago Solana held $11.0B in DeFi and Base held $4.75B. Today both sit at about $6.25B, per DefiLlama. Solana is down 43% over the year. Base is up 32%.
By our math, the gap between them was $6.2B. Solana falling covered $4.7B of it, about 76%. Base growing covered the other $1.5B.
Price explains a lot of the Solana side. SOL closed near $178 on Oct 11 last year and trades near $112 now, down 37%. Base grew while ETH fell from about $3,750 to $2,537 over the same year.
It's close enough to flip day to day. DefiLlama's Oct 11 daily reading had Base ahead by under $1M. The live numbers had Solana ahead by about $14M at 02:49 UTC+8. Before that Oct 11 reading, the last time Base sat above Solana was Oct 11, 2023, three years to the day, when each held about $0.3B.
Base caught up mostly because Solana came down to meet it.
$SOL $ETH
#Solana #Base
NFA. DYOR.
By our math, the gap between them was $6.2B. Solana falling covered $4.7B of it, about 76%. Base growing covered the other $1.5B.
Price explains a lot of the Solana side. SOL closed near $178 on Oct 11 last year and trades near $112 now, down 37%. Base grew while ETH fell from about $3,750 to $2,537 over the same year.
It's close enough to flip day to day. DefiLlama's Oct 11 daily reading had Base ahead by under $1M. The live numbers had Solana ahead by about $14M at 02:49 UTC+8. Before that Oct 11 reading, the last time Base sat above Solana was Oct 11, 2023, three years to the day, when each held about $0.3B.
Base caught up mostly because Solana came down to meet it.
$SOL $ETH
#Solana #Base
NFA. DYOR.