Solana Outperforms as Bitcoin and Ethereum Stall, Approaching Record Highs on Expanded Adoption

• Bitcoin and ether dropped 5%-6% before recovering some losses; Solana outperformed with a 3% gain • Solana benefited from capital rotating out of bitcoin as its rally stalled • Analysts predict further gains for Solana, targeting record highs from 2021 above $250 • Solana saw increased adoption and activity, with DEX volumes consistently above $2B daily • Solana's market cap is approaching its record $76B as token supply expands, despite prices still 35% below peak