Over $1 Billion Inflows in 7 Weeks: Digital Asset Investment Products Thriving
In a remarkable surge of interest, digital asset investment products experienced a substantial influx of $293 million last week, marking a seven-week streak that has now surpassed the impressive milestone of $1 billion in total inflows. Notably, Ethereum (ETH) took the spotlight with its most substantial inflows since August 2022, raking in an impressive $49 million. Additionally, Solana (SOL) witnessed a noteworthy surge, securing additional inflows totaling $12 million.
Ethereum’s Resurgence and the $SOL Ecosystem Rebirth
After a period of decline, the Ethereum network showcased a resurgence with its largest inflows in over a year. Meanwhile, the Solana ecosystem experienced a resurgence, raising questions about its future following the setback faced by FTX.
After the fall of FTX, the Solana ecosystem appeared to be on a downward trend. However, with the restart of FTX, the industry anticipates the potential for the emergence of promising projects.
Reflecting on the past decade, it appears as though the cryptocurrency market has undergone a lengthy dress rehearsal, preparing for what could be considered the main event. As the industry braces for the next phase of growth, the sentiment is overwhelmingly optimistic, with a rallying cry resonating across communities