Solana eyes 64.8K daily SOL burn – Is Hyperliquid’s rise behind it?

The crypto market’s rankings have lately undergone a big shift. 

This factors to shifting investor preferences. Most altcoins have seen heavy outflows this cycle; Ethereum [ETH] alone is down over $115 billion in market cap this 12 months, from roughly $360 billion earlier. Solana [SOL] hasn’t been spared both, shedding greater than $50 billion over the identical interval.

The important thing query now’s whether or not these outflows are driving the reshuffle or whether or not capital is rotating into newer altcoins and draining liquidity from the OG names. With Arthur Hayes lately suggesting Hyperliquid might overtake Solana, it’s turning into clearer that these flows aren’t simply random rotation.

As an alternative, they might mirror a deeper shift in market positioning.

From a technical standpoint, HYPE has rallied 170%+ this 12 months, making it one of many strongest altcoins within the cycle. That transfer strains up with its market cap doubling again towards pre-October 2025 ranges round $20 billion. In distinction, Solana’s market cap has dropped about 1.5x over the identical window, shedding $40 billion.

This factors to a transparent divergence in momentum between the 2 belongings. On this context, Arthur Hayes’ prediction doesn’t look too far-fetched. As liquidity rotates into HYPE, Solana continues to lag. Notably, latest strikes from Solana builders additionally present strain constructing beneath.

Tokenomics debate resurfaces throughout Solana ecosystem

Arthur Hayes’ comparability between SOL and HYPE triggered a market frenzy.

One analyst even pointed out that HYPE might hit $100 sooner than SOL, which, based mostly on the technical setup, doesn’t look too far-fetched. With Hyperliquid now simply 42% away from that stage and supported by regular capital inflows, the chances seem to favor a faster run towards $100.

By comparability, SOL continues to grind under $90, whereas rising competitors from altcoins like HYPE retains widening the efficiency hole. On the similar time, the main target can be shifting to Solana’s tokenomics. Solana co-founder has proven assist for SIMD-547, a proposal that introduces a resource-based charge burn on higher-cost transactions.

If applied, it might elevate estimated each day SOL burn from round 648 SOL to between 10.8k and 64.8k SOL.

Clearly, the weaker momentum round SOL is now spilling into extra strategic responses.

However this isn’t a straight bullish sign. With HYPE’s robust momentum, Solana’s market cap erosion, and broader crypto rating reshuffling, the transfer appears much less like a pure development catalyst and extra like a defensive transfer to assist valuation and narrative energy. This highlights the strain constructing beneath the asset.

Remaining Abstract

• Cash is rotating from ETH and SOL into faster-moving altcoins like HYPE, altering market rankings.
• Solana’s tokenomics adjustments look extra like a response to strain than a robust bullish sign.