The ratio between Solana and Ethereum jumped from 0.011 to nearly 0.025, breaking the ratio from just before FTX’s collapse. The two tokens are often compared, given they are both Layer 1 tokens. Net sales was led by Coinbase exchange in October, recording up to 2.2 million tokens in US sales, Kaiko research shows. South Korean exchange Upbit was the leader outside the US, recording nearly 4 million in net SOL token sales.
SOL DeFiLlama The research shows the ratio between Solana and Ethereum has more than doubled since October 18, jumping from 0.011 to nearly 0.025 and thereby breaking above the ratio from just before the collapse of Sam Bankman-Fried’s cryptocurrency empire. Coinbase exchange led the US market with a net buying of 2.2 million SOL tokens since the rally began on October 18.