The SOL/ETH price ratio has been rising since September.
The demand for SOL remained steady among daily traders.
Solana [SOL] has emerged as a surprise champion in the 2023 altcoin market, outperforming Ethereum [ETH] by a significant margin since early fall.
For the first time since 2021, the SOL/ETH price ratio reversed in early September and has since trended upward.
Source: Kaiko
The SOL/ETH ratio, which measures the value of one SOL coin relative to one ETH coin, has flipped, showcasing Solana’s newfound strength in the past few months.
Further solidifying this trend, Solana-based products have witnessed a surge in inflows, outpacing their Ethereum counterparts in recent times.
According to a recent report from digital assets investment research firm CoinShares, as of the 16th of December, the year-to-date fund flows into Solana products resulted in a net positive of $156 million.
On the other hand, Ethereum’s was just $15 million, with the year marked predominantly by wee
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