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<p class="is-style-lead">Kaiko reports Solana is experiencing a price surge, with the SOL/ETH price ratio witnessing a strong reversal.</p> 
<p>The Dec. 19 post on X highlights the ratio between Solana (<a target="_blank" href="https://crypto.news/price/solana/" rel="noreferrer noopener">SOL</a>) and Ethereum (<a target="_blank" href="https://crypto.news/price/ethereum/" rel="noreferrer noopener">ETH</a>) approaching 0.04, after previous highs around 0.06 in 2021 and lows of 0.01 in the beginning of 2023.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SOL</a> is on a tear.<br><br>For the first time since 2021, the SOL/ETH price ratio saw a strong reversal as the Solana network recovers from the devastating collapse of FTX. <a href="https://t.co/hAlCC23Yq0" target="_blank">pic.twitter.com/hAlCC23Yq0</a></p>— Kaiko (@KaikoData) <a href="https://twitter.com/KaikoData/status/1737050640852091095?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 19, 2023</a>
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<p>According to an&nbsp;earlier <a href="https://research.kaiko.com/insights/solana-in-the-limelight" target="_blank" rel="noreferrer noopener">post</a> from Kaiko, the rally, which has continued into December, is closely tied to a renewed sense of optimism surrounding the blockchain platform, demonstrating resilience in the face of challenges posed by&nbsp;<a href="https://www.forbes.com/sites/qai/2022/12/17/solana-cryptocurrency-outlook-post-ftx-bankruptcy/?sh=1b2101f25fd8" target="_blank" rel="noreferrer noopener">FTX</a>, the exchange founded by Sam Bankman-Fried that supported the Solana blockchain and used it as a foundation for building before it collapsed.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/circle-launches-eurc-stablecoin-on-solana/"> Circle launches EURC stablecoin on Solana </a> </p> 
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 <div class="wp-block-embed__wrapper"> <iframe title="The Collapse Of FTX: Insiders Tell All | CNBC Documentary" width="1020" height="574" src="https://www.youtube.com/embed/XqwGt69pDXQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>Despite FTX’s situation, SOL was reported by Kaiko as one of the year’s standout performers, notably outpacing ETH since early fall. Moreover, the SOL rally has reportedly disrupted the FTX bankruptcy claims market dynamics with the collapsed exchange’s estate, currently holding approximately $4.2 billion in SOL, a notable increase from the $1.16 billion at the beginning of the year.</p> 
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  Solana to USD Price Chart | Source: <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener">CoinMarketCap</a>
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<p>CoinMarketCap reported the SOL price at $73.91, a 4.72% increase in the past 24 hours and a 508.29% increase in the last year.</p> 
<p>The news comes one day following the news of EURC being made available on Solana, which Circle touted as being a&nbsp;<a href="https://crypto.news/circle-launches-eurc-stablecoin-on-solana/" target="_blank" rel="noreferrer noopener">high-speed</a> and low-cost network.</p> 
<p> Read more: <a href="https://crypto.news/nft-sales-decline-solana-surpasses-ethereums-volume/"> NFT sales decline, Solana surpasses Ethereum’s volume </a> </p>

Kaiko: Solana price ratio shows recovery from FTX collapse

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