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MainNewsWhich is Bet...

Which is Better: Solana or Cardano? One just BEAT the Other…

Which is Better: Solana or Cardano? One just BEAT the Other…

In Grayscale’s Q3 updates, a notable change is evident in the blockchain arena. Solana (SOL) has managed to overtake Cardano (ADA) to emerge as the premier asset in Grayscale’s Smart Contract Platform Ex-Ethereum Fund. Which one is better: Solana or Cardano?

Solana Price: UP and a Good Momentum

Currently trading at an impressive $23, Solana’s market dynamics are worth noting. With a 7-day performance showcasing a substantial +15% increase, SOL is exhibiting significant market strength and investor confidence. This meteoric rise and strong performance might be attributing to its newfound dominance in Grayscale’s portfolio.

ADA Price trying to HOLD

Cardano, priced at $0.26, remains a force to reckon with in the crypto realm. Its 7-day performance has registered a respectable +4% growth. Historically, ADA’s strategic positioning and innovative solutions have always garnered attention. Its consistent performance and adaptability in the ever-evolving crypto landscape further accentuate its significance.

What is GSCPxE Fund Composition?

Historically, until Q2 2023, Cardano was the undisputed leader in Grayscale’s Smart Contract Platform Ex-Ethereum Fund (GSCPxE) with a 25.89% weighting. However, as Q3 2023 concluded, Solana’s stellar ascent saw it clinching the top spot with a 27.28% weighting. This advancement positioned Solana marginally ahead of Cardano, which sustained its previous quarter’s 25.89% share.

The fund’s overall constitution remained stable, devoid of any token additions or omissions. Other assets in the fund include Polygon (MATIC) with 15.01%, Polkadot (DOT) with 14.25%, Avalanche (AVAX) at 10.24%, and Cosmos (ATOM) holding 7.33%.

A Comprehensive Look into Grayscale’s Diverse Allocations

For those following Grayscale’s varied portfolios:

  • The Q3 2023 Grayscale DeFi Fund predominantly features Uniswap (UNI) with a hefty 45% weighting. This is trailed by Lido (LDO) at 19%, Aave (AAVE) accounting for 11%, MakerDAO (MKR) with 10%, Curve DAO Token (CRV) at 7%, and Synthetix (SNX) completing the list with 6%.
  • The Grayscale Digital Large Cap Fund continues to be heavily influenced by Bitcoin (BTC) commanding a 70% share. Ethereum (ETH) follows with 27%, while Cardano (ADA), Solana (SOL), and Polygon (MATIC) hold 1%, 1%, and 0.75% respectively.
Read the article at CryptoTicker

Read More

Janover Raises $42 Million to Build Solana-Focused Treasury

Janover Raises $42 Million to Build Solana-Focused Treasury

U.S.-listed firm Janover secured $42M via convertible notes and warrants to create a ...
Apr, 07, 2025
3 min read
by Cryptonews
Here's What Institutional Investors Did This Week in Bitcoin and Altcoins as US-China Tensions Continue: Surprise from Two Altcoins!

Here's What Institutional Investors Did This Week in Bitcoin and Altcoins as US-China Tensions Continue: Surprise from Two Altcoins!

According to the Coinshares report, there was an outflow of $240 million from Bitcoin...
Apr, 07, 2025
by Bitcoin Sistemi
MainNewsWhich is Bet...

Which is Better: Solana or Cardano? One just BEAT the Other…

Which is Better: Solana or Cardano? One just BEAT the Other…

In Grayscale’s Q3 updates, a notable change is evident in the blockchain arena. Solana (SOL) has managed to overtake Cardano (ADA) to emerge as the premier asset in Grayscale’s Smart Contract Platform Ex-Ethereum Fund. Which one is better: Solana or Cardano?

Solana Price: UP and a Good Momentum

Currently trading at an impressive $23, Solana’s market dynamics are worth noting. With a 7-day performance showcasing a substantial +15% increase, SOL is exhibiting significant market strength and investor confidence. This meteoric rise and strong performance might be attributing to its newfound dominance in Grayscale’s portfolio.

ADA Price trying to HOLD

Cardano, priced at $0.26, remains a force to reckon with in the crypto realm. Its 7-day performance has registered a respectable +4% growth. Historically, ADA’s strategic positioning and innovative solutions have always garnered attention. Its consistent performance and adaptability in the ever-evolving crypto landscape further accentuate its significance.

What is GSCPxE Fund Composition?

Historically, until Q2 2023, Cardano was the undisputed leader in Grayscale’s Smart Contract Platform Ex-Ethereum Fund (GSCPxE) with a 25.89% weighting. However, as Q3 2023 concluded, Solana’s stellar ascent saw it clinching the top spot with a 27.28% weighting. This advancement positioned Solana marginally ahead of Cardano, which sustained its previous quarter’s 25.89% share.

The fund’s overall constitution remained stable, devoid of any token additions or omissions. Other assets in the fund include Polygon (MATIC) with 15.01%, Polkadot (DOT) with 14.25%, Avalanche (AVAX) at 10.24%, and Cosmos (ATOM) holding 7.33%.

A Comprehensive Look into Grayscale’s Diverse Allocations

For those following Grayscale’s varied portfolios:

  • The Q3 2023 Grayscale DeFi Fund predominantly features Uniswap (UNI) with a hefty 45% weighting. This is trailed by Lido (LDO) at 19%, Aave (AAVE) accounting for 11%, MakerDAO (MKR) with 10%, Curve DAO Token (CRV) at 7%, and Synthetix (SNX) completing the list with 6%.
  • The Grayscale Digital Large Cap Fund continues to be heavily influenced by Bitcoin (BTC) commanding a 70% share. Ethereum (ETH) follows with 27%, while Cardano (ADA), Solana (SOL), and Polygon (MATIC) hold 1%, 1%, and 0.75% respectively.
Read the article at CryptoTicker

Read More

Janover Raises $42 Million to Build Solana-Focused Treasury

Janover Raises $42 Million to Build Solana-Focused Treasury

U.S.-listed firm Janover secured $42M via convertible notes and warrants to create a ...
Apr, 07, 2025
3 min read
by Cryptonews
Here's What Institutional Investors Did This Week in Bitcoin and Altcoins as US-China Tensions Continue: Surprise from Two Altcoins!

Here's What Institutional Investors Did This Week in Bitcoin and Altcoins as US-China Tensions Continue: Surprise from Two Altcoins!

According to the Coinshares report, there was an outflow of $240 million from Bitcoin...
Apr, 07, 2025
by Bitcoin Sistemi