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Solana has emerged as the asset of choice for most market participants in this cycle, according to a recent crypto trends report by Gemini, an American cryptocurrency exchange, and Glassnode, a blockchain market intelligence platform. Researchers assessed speculative flows by isolating the realized capitalization of coins that have been traded on each blockchain by active wallets in the previous seven days. According to this ‘hot realized cap’ metric, the shift to Solana began in October 2023. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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