Bitzo
Published 2 months ago on January 27, 2025
4 Min Read

On-Chain Insights: Leading Ethereum and Solana Whales Dive Into This Exciting New Crypto Shaking Up the Market

Ethereum's Leading Role in the DeFi and Stablecoins Sector
Solana Whales Pivot Focus to New Crypto Amid Price Drop
Remittix (RTX) Brings Practical Solutions to DeFi Market, Steering the Altcoins Season
Explore the Future of PayFi with Remittix by Joining Their Presale Here:

This week, Ethereum and Solana are in the limelight, but there's a new crypto star captivating attention as investors gear up for 2025, a year many analysts believe will herald its next major boom.

Ethereum and Solana have impressed with their scalability and quickly developing NFT ecosystems, confirming their status among the fastest-growing blockchains. However, can they pose a real challenge to this emerging crypto presale?

Ethereum's Leading Role in the DeFi and Stablecoins Sector

According to DeFiLlama, Ethereum remains the dominant blockchain in decentralized finance (DeFi), holding over 57% of the total value locked (TVL) in the market. Ethereum's smart contracts facilitate nearly half of all blockchain-based activities, including trading, lending, and staking. As highlighted in an October report by Andreessen Horowitz, DeFi is seen as the most pivotal sector in the crypto landscape.

The report also identified stablecoins—cryptocurrencies pegged to traditional currencies like the US dollar—as the industry's "killer app," with Ethereum playing a major role here as well.

Though Ethereum's native token, ether (ETH), boasts a significantly higher market cap than its DeFi competitors like Solana (SOL) and Binance Smart Chain (BNB), its market cap-to-TVL ratio is a modest 6.1, as per DeFiLlama. This indicates that Ethereum offers more value compared to Solana's 12.1 and Binance Smart Chain's 18.4 ratios.

Solana Whales Pivot Focus to New Crypto Amid Price Drop

In its presale phase, nearly 490,000 wallets are involved, with Solana whales investing $3.73 million into the buzzing DeFi cryptocurrency Remittix, which has reportedly seen remarkable growth. This shift is due to a significant price drop for Solana in early 2025, prompting major investors to offload their SOL holdings. Compared to Solana, experts see immense potential in this new crypto, citing its rapid expansion and substantial achievements.

Solana's price has also been hit hard, plummeting from between $184 and $193 and taking a dive on January 6th. This drop created a bearish flag pattern, pushing the price to $176.30 and causing a 5.56% decrease over the last 24 hours. While the $175 support level holds for now, the bearish trend suggests further declines might be on the horizon. Investors are closely monitoring Remittix as a viable alternative in this volatile market.

Remittix (RTX) Brings Practical Solutions to DeFi Market, Steering the Altcoins Season

Through its groundbreaking PayFi infrastructure, Remittix merges decentralized finance with cross-border payments. This ecosystem simplifies global cross-border transactions by converting cryptocurrencies into fiat currency without hidden charges.

Remittix's flat-fee model is particularly attractive as it ensures no additional charges for wire transfers or currency exchanges. This system guarantees that the recipient receives the amount sent, regardless of location or deposit type. Utilizing local payment networks, Remittix converts more than fifty cryptocurrencies into fiat currency and deposits the funds into local bank accounts.

Remittix's smart contract, which has successfully undergone a comprehensive BlockSAFU audit, facilitates these cross-border transactions. Leveraging blockchain technology, Remittix ensures that all cross-border transactions are processed on the same day. Its capability to bypass the long wait times associated with traditional remittance systems makes Remittix the most efficient cross-border payment solution available.

With its native RTX token, Remittix adds another layer of utility. Traders can stake RTX tokens in a pool to earn up to 18% APYs in staking rewards. VIP-tier investors are also granted premium voting rights in the Remittix ecosystem, allowing them to participate in crucial decision-making regarding the platform's growth.

In the early stages of its presale, Remittix has already amassed over $7 million in capital, boosting market analysts' confidence in substantial returns before the quarter's end. With hundreds of new investors flocking to Remittix in the past week alone, RTX's current price of $0.0350 is proving to be quite enticing.