fin.co.id - The crypto market this week is buzzing with excitement, and one name stands out above the rest: Solana leads the market with an explosive rally that has left Bitcoin and Ethereum trailing. While the world’s largest cryptocurrency struggles to break resistance at $115K, and Ethereum grinds higher around $4,700, Solana has delivered the kind of performance that traders and investors cannot ignore.
For months, the narrative has centered on Bitcoin dominance and Ethereum’s steady role as the backbone of decentralized finance (DeFi). Yet the past seven days have proven that Solana is not only competing but also shaping the market’s momentum. The numbers tell a powerful story, supported by growing on-chain activity, rising developer adoption, and increasing investor sentiment.
Bitcoin Stagnates Below $115K
Bitcoin (BTC) continues to command the largest share of the crypto market with a $2.25 trillion market cap. However, price action paints a more cautious picture. At $113,296, Bitcoin slipped 1.64% in the past 24 hours and 2.29% over the week. Daily trading volume remains robust at nearly $76 billion, suggesting high liquidity, yet buyers appear hesitant to push beyond the $115K resistance level.
Market analysts warn that if Bitcoin fails to reclaim this threshold, it could consolidate further, limiting short-term upside. Traders currently see BTC as a stable anchor rather than a source of immediate returns. Institutional investors still back it as the ultimate store of value, but in the short run, attention is clearly shifting to faster-moving assets.
Ethereum Holds Strong Above $4,700
Ethereum (ETH) offers a contrasting performance. Trading at $4,758, ETH slipped only 0.50% in the past 24 hours but has climbed an impressive 8.88% over the week. With $54 billion in daily trading volume and 120.7 million ETH circulating, Ethereum continues to prove its resilience.
Three major factors support Ethereum’s steady rise:
-
DeFi dominance: The majority of decentralized lending, trading, and liquidity platforms are still built on Ethereum.
-
Staking impact: With ETH locked in staking contracts, circulating supply pressure is reduced, strengthening price support.
-
Institutional trust: Large investors and enterprises continue to adopt Ethereum as a smart-contract platform.
Ethereum’s consistent performance underscores its long-term strength, but it has not matched Solana’s short-term surge. While ETH eyes the $5,000 psychological level, the spotlight has clearly shifted elsewhere.
Solana Leads the Market With a 15% Weekly Surge
There is no doubt about the week’s star performer. Solana leads the market, trading at $212.88 with a 1.45% daily gain and a stunning 14.98% rise over the past week. With more than $11.8 billion in trading volume and 540 million tokens circulating, Solana is enjoying both liquidity and momentum.
According to reports from CoinDesk, Solana’s rebound has outpaced both Bitcoin and Ethereum by more than 6% over the past week. Meanwhile, Decrypt highlights that SOL spiked 16.5%, making it the best performer among the top-10 cryptocurrencies by market cap.
What’s driving this rally?
-
Network efficiency: Solana continues to prove its advantage in speed and cost, processing thousands of transactions per second with minimal fees.
-
Ecosystem growth: NFT projects, gaming platforms, and DeFi applications are increasingly adopting Solana.
