Where DeFi Investors Sent $370m: The Top Chains

Sui and Solana Drive $370m Liquidity Outflow from Ethereum

According to data from crypto bridge protocol Wormhole, a whopping $370 million in liquidity has moved from Ethereum to other blockchains over the past month. Almost 90% of this liquidity has found its way to Sui and Solana, two popular alternative blockchain networks. This significant outflow indicates a growing interest in these platforms, prompting users to transfer their assets away from Ethereum.