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Santiment Sees a Long-Term Bullish Case in Solana's 124% Network Growth

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Santiment Sees a Long-Term Bullish Case in Solana's 124% Network Growth

Solana (SOL) network growth has jumped 124% since early September, according to Santiment. The analytics firm ties a long-term bullish case to that growth, which now adds about 1.71 million new wallets daily. However, institutional demand is moving the other way. US spot Solana exchange-traded funds (ETFs) have shed $17.7 million over three straight sessions, The post Santiment Sees a Long-Term Bullish Case in Solana's 124% Network Growth appeared first on BeInCrypto.

Key Takeaways

  1. Solana (SOL) network growth has jumped 124% since early September, according to Santiment.
  2. The analytics firm ties a long-term bullish case to that growth, which now adds about 1.71 million new wallets daily.
  3. However, institutional demand is moving the other way.
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Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.