SHIB Flips SOL by Market Cap - Is Solana Dead?


In terms of market value, Solana is now below Tron (TRX) and Shiba Inu meme coin (SHIB).

Crypto analyst Ivan compares SOL to EOS 2.0 and predicts that projects currently using Solana will switch to EVM L2s.

In a recent tweet, Ben Armstrong, aka Bitboy Crypto, predicted that more projects would depart the Solana ecosystem.

DeGods and y00ts, two of Solana's best-performing NFTs, are transferred by Dust Labs to Ethereum and Polygon.

As a result, investor opinion is still largely negative, as demonstrated by a Bitboy poll from yesterday, in which 70% of respondents claimed that Solana is dead.