2.2 times Ethereum's volume on an eighth of the capital: Solana turns over 26.6 percent a day

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Solana moved $1.57 billion through its decentralised exchanges on Sunday, Ethereum $706 million, even though eight times the capital is committed there. What that divergence says about the price, and what it means for tax and custody in Germany.In the 24 hours to Monday morning, tokens worth $1.57 billion changed hands on Solana's decentralised exchanges. On Ethereum the same period brought $706 million. Solana therefore turns over more than twice as much, even though its applications hold only an eighth of the capital. That divergence is the real finding of the week's opening, and it says more about the state of play than the price itself: SOL stood at $105.80 on Monday morning, 2.7 percent above the previous day but still 6.0 percent below its level a week ago (CoinGecko, as of October 19, 8:45 UTC). Over a monthly view the question is not how much gets traded but whose money is being moved. Where the price can point over a span of months is set out in our Solana price predict...