Crypto Markets Show Divergence as Solana Outshines Ethereum in Week of Mixed Performance
Gold's 3.57% rally led traditional benchmarks higher while Bitcoin slipped 0.90%, bucking the broader risk-on trend. Solana ecosystem tokens emerged as clear outperformers, with JTO and DRIFT posting double-digit gains amid a sector rotation that saw L2s and Ethereum-linked sectors bleed.
Aave maintains its DeFi lending dominance with 86% protocol revenue share—though down from 91% in January—as Fluid and newer entrants chip away at its lead. The perpetual futures arena remains fiercely competitive, with Lighter continuing to outpace Hyperliquid in weekly volume despite potential airdrop-inflated metrics.
Sector performance revealed stark contrasts: Solana Ecosystem (+4.4%) and Launchpads (+3.23%) led advancers while L2s (-8.27%) and Lending (-6.82%) suffered the steepest declines. JTO's 10.30% surge epitomized the SOL ecosystem's strength as ethereum Ecosystem (-6.57%) and Crypto Miners (-5.97%) languished.