Over-rated stuff:
1. fame
2. breakfast
3. Friday nights
4. "Networking"
5. college degrees
6. New Years parties
7. large number of "friends"
8. social media that generates $0 for you
No. Adding some context (and data) changes the story regarding flows to Solana from other chains👇
Over the last month, @base is #1 in terms of net flows ($463m). @solana is #2 with $197m of net flows. @SuiNetwork #3 with $120m.
If we zoom out to Year-to-Date, @arbitrum ($2.4b), @optimsimFND ($2.2b), and base ($1.6b) lead all chains.
But the only thing that really matters for Solana is pulling TVL from Ethereum (and the L2s).
Why?
That's where all the value sits today.
Is it happening?
Not really.
Here's the data (via @artemis__xyz)
1. YTD, Solana has lost TVL to Base, OP, and Arbitrum (albeit small numbers, about $55m)
2. Solana has seen $2.36b inflows from Ethereum L1 YTD, with over $1b flowing back to ETH (42%).
*2.7% of Ethereum's TVL went to Solana YTD, modest figures*
3. Ethereum has seen $6b of net outflows YTD, but 83% of it went to L2s (stayed in the ecosystem, where it can continue to drive value to the L1).
In total, 82% of the value that left Ethereum YTD found its way back to the L1.
----
TL;DR: Solana is pulling some TVL from Ethereum, but it's quite modest. 42% of value that went to Solana from Ethereum made its way back to Ethereum this year.
Most of the value that leaves Ethereum makes its way back to the most secure and decentralized L1.
And most of the value that has left has gone to L2s (stayed in the ecosystem).
Data: powered by @artemis__xyz
COLD APPROACH TIP OF DAY: Observe little details of her look. She chose them w/ care. What is she trying so hard to convey? What is she trying to hide?
To address extreme levels of data scraping & system manipulation, we’ve applied the following temporary limits:
- Verified accounts are limited to reading 6000 posts/day
- Unverified accounts to 600 posts/day
- New unverified accounts to 300/day
This $SOS airdrop has me feeling good to be an NFT whale
When $SOS goes to $1, I will pick 10 followers who liked and RT this tweet and give them $10K each!
$100K to the community! LFG!
@the_opendao