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Solana (SOL) achieved a breakthrough in the field of tokenized stocks, with related transaction volume reaching US$807 million, occupying over 60% of the market share (total market nearly US$1.3 billion), far exceeding Ethereum (US$127 million) and other public chains.
🚀 Tokenized stocks win the championship: both volume and price advantages are online, and market share crushes peers
The key to SOL's ability to surpass ETH in the field of tokenized stocks lies in its dual leadership in user and transaction experience:
- The total transaction volume of the first tokenized stock is nearly 1.3 billion US dollars, and SOL exclusively holds 807 million US dollars, with a market share of over 60%.； While ETH is only US$127 million, public chains such as Gnosis (US$307 million) and Avalanche are even more inferior, breaking ETH's previous dominance in this field. ；
- (Data source: X) Jinqun +Q: 3846328374
- User activity widens the gap. As of the end of September, SOL had more than 2.5 million daily active addresses and nearly 1.3 million new addresses, far exceeding ETH's 747,000 daily active addresses and its slower expansion rate.； In addition, SOL transactions are faster and cheaper, and are more suitable for the high-frequency interaction needs of tokenized stocks.
- (Data source: Santiment) Jinskin +Q: 3846328374
⏳ Short-term price pressure: $192 meets support, oversold signal hides rebound opportunity
Despite strong fundamentals, SOL has been affected by profit-taking in the short term, and its price has shown an adjustment trend:
- Technically, SOL is currently oversold and has fallen to $192, below the middle track of the Bollinger Bands, and is testing support near $193.； The RSI (relative strength index) hovers around 35, which is an oversold signal after a sharp sell-off, suggesting that the short-term downward momentum has weakened. ；
- (Data source: TradingView)
- The rebound will have to wait for a short-term pullback in buying orders, which may be due to traders taking profits after SOL surged earlier this month. Although price sentiment has cooled, network fundamentals have not changed.； If buying picks up near the lower Bollinger Bands, SOL is expected to start a rebound.
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