hey everybody two for day second video thank you all for coming thank you Sean Donley and tnd D Tesla and K8 for being here keeping us all safe from scammers out there this one you've been asking for for a week or two last time I did a detailed Deep dive on salana was I think the very beginning of November and it's important to check in is it losing dominance is there a new Sol killer in town or is eth coming back we're going to dig into all that right now and uh make sure everything's working here I hope it is shout at me on the comments if not this will be a big one let me check we're going to do about 50 nuggets we're going to go fast and the most comprehensive dive into salana and old blockchain you will ever see anywhere on the internet that's just a fact life so we'll try to get to the point of where we are is it uh sorry my screen's all messed up is it still dominant and where does it rank is there any upside anymore to this particular chain I have no idea what my screen GES messing around but let's get into it and disclaimer as well this is not Financial advice we have a lot of people in this community who've been in since $8 $10 20 bucks we'll find out where we're going to go next based on just data and shout out to everybody in patreon as well uh yeah and I think Lawrence said this uh patreon has paid for itself for over 10 years just in the first week so thank you Lawrence as well for coming first of all let's get into the crypto market cap this is from milk Road they project end of year 2025 market cap to be $10 trillion but they were kind enough to break it down into the component parts Bitcoin will make up 40% hey Piper 40% of that crypto market cap dominance the l1's 3 and2 trillion that's why I play these puppies defi 700 billion I think defi maybe even go a bit larger and I'll tell you why by why in a minute as well but these are big numbers now when you forecast forward and you do the math which I'll do tomorrow on my Bitcoin video what four trillion translates to to price that's just about a 2. 5x from here but for the l1s that don't have this dominance right now going to three and a half trillion that is huge what do they look like now so I reached into our little SCP profile or dashboard and I pulled this up this is quite incredible salana just broke 3. 07% of the eth market cap when I first found salana it was less than a fraction of 1% of the eth market cap now it's 3.
07% number two in the box is cardano 7. 85% which is probably the dumbest thing you'll ever see it doesn't deserve to be there based on fundamental analysis but if you look at sentiment and Pumpers probably yes but that's enough my job is to help people and and I don't care if people get butt hurt because this is the truth we'll get into a whole bunch more data in a minute let's look at some charts first I normally push the charts to the end but I bring them up front because they're quite profound first of all salana is nearly back at alltime highs who remembers no nober 2021 and who remembers November 2022 exactly a year later this is the HR model that shows you kind of your layers I turned off the layers so it wouldn't look too busy when to buy when to sell when tops when bottoms but that Red Shadow you see there is the bare Market crypto barar Market it shows up for all assets is also an equity bear Market too but that was a rough year but some of us like me never lost faith because I've been through many storms before and when the fundamentals get better and better you don't lose Faith you actually get more convicted not as a criminal no into the asset hope long day long day been up since four Delux bear thank you so much for coming the Australians love their crypto like the Canadians and the Dutch and the kiwis so this is another chart too salana Bitcoin since beginning of 2023 like to go back 23 months for Giggles cuz I like patterns and numbers and here we are salana Bitcoin it's hanging tough so it is salana still beating Bitcoin by 36% however it's been choppy since about April 2024 sideways we had a big spurt and big ranges and there are times you kind of want to be in the trade in the blue you want to be out of it in the orange and that's just again the ATR model how it works very simple gives you a feel for what's winning and what's not so if you want to play this in a more sophisticated way now them on the topic what you do here is you flip between assets so when you're blue you hang in all when it flips to Orange you move to bitcoin and then you go back to salana when it's blue back to bitcoin when it's orange Etc when you do this as a very simple pair trade which is as I say from the beginning everything is a pair you make a lot more money check patreon for the details on that one now let's check out Saul eth this is a bit of a different story ladies and gentlemen Sal eth is up 825 since January 2023 and I don't I know it doesn't look that impressive 825 but remember ethereum went from 900 to over 3,000 so ethereum went up a lot and salana went up a Lotter a lot Lotter one of those days long day let's get into the numbers the data and everything else salana as we saw in the chart it is smoking ethon volume salana has done 700% more volume than ethereum in the past 24 hours in my previous video today the number one trade at stock today was micro strategy you see a pattern here micro strategy salana volume yeah when an asset has no volume it means it's dead volume is a good thing just like volatility is a good thing too lots of learnings today let's go to our Sol upside model that'll be up here afterwards there are thousands of people that use this model it's free just pull it down from the link above and this has been my Bible since 2021 because back back to the history of the Genesis of this little crude model my idea was okay H I have a vision that I believe salana is the eth killer therefore it should be valued as eth if it was where could the price go the best things in life are the simple things and here we are and I show this every time I do a Sol video and uh enjoy the model cardana used to be on there it still is actually at 100% of eth mar cap but it put that in the dust years ago so we don't have to worry about that and you can turn off any of these colors you want and by the way let me know in the comments below if you want me to update this model because we're running out of layers next layer I add will be 100% of eth what the price would be if salana market cap equates to eth which it will I have never been more sure of anything in my life that's why this model is here but anyway back to the layers we are at 30% now we're heading to 33% if we do the price of salana at that level is about $261 if I'm not mistaken I can't read these little numbers hope you can butth the next level after that is that teal color that price is about 3. 88 I remember that cuz eights are a good luck number and then 70% of eth the price of Saw would be $554 and again let me know if you want me to update it for 100% of eth because that's where we are going that's the destination and I'll prove it in the next few charts this one especially this is from the uh SCP profiler again it's our face off module where we can compare any two assets together by the way uh no offense to the Bitcoin folks out there but when you compare salana to bitcoin it's way worse than this so just but salana I mean Bitcoin is a store of value it's not a L1 blockchain so just bear that in mind too but I do believe salana will be the faster horse for the next year or so now eth versus Saul it is wicked Nakamoto coefficient is two for eth so Saul is more centralized take that eth math Maxis block time 3,000% better finality time 15,000 better TPS 1.
6 million per better daily transactions 4,200 better daily active users 2,000% more daily transactions over daily active users 112% more fees average fees 5. 2 million per cheaper and daily fees are now 71% higher than eth there was a time not too long ago when for the first time ever salana beat eth now it is smoking it leaving it in the dust and what you don't understand the ecosystem of daps and salana are also generating even more money than salana riddle me that I'll get to that in a second too this is salana on the ATR model you can see where we are the layers we are heading up to layer six which is the alltime high we're right bang in the middle between five and six and we got a y signal very recently and we went perping we went perping so bad we blew up the liquidity on Jupiter basically wiped it out uh true story happened about two hours ago anywh who uh the price of salana at the time was 22 I'm so tired I can't I want make make sure I get the 232 was was the entry now it's 237 and a half all right so let's that's that's the chart more charts though one more this is the salana dominance I never talk about dominance unless it's about salana because it's important salana is now 3. 7% by the way I left the ATR model on this is where we've come from and if we go back in time you can see where it's come from too but now we're at oh that's not the dominance chart ooh I will tweet it later NOP that's the wrong chart but the numbers are right 3.
7% 3. 8% is the alltime high we are right up at the top about to be dominant now imagine if s dominance goes to 10% and imagine for a second little homework for the kids at home imagine 10 trillion market cap and imagine l1's at three and a half trillion guess what the value of salana will be in this ticker price it's completely Bonkers it's north of $1,000 but I'll share that too later if you want or you can calculate it yourselves you got all the ingredients here now more stuff tvl son t is growing really really fast you've got players like marinade Finance growing hugely 200% a month GTO 300% of the month soland 64% of the month Lio 47% all the action is moving to the salana blockchain tons and tons and tons of tvl growth billions and billions and billions of dollars happening fast real fast and from nanson they came out with a report first ever salana surpasses ethereum to become the number one most used chain ONN AI for the first time salana is the way they put it it kind of a little sounds a little bit disappointing yeah we know it's the most widely used chain and we know the half of all transactions done on 30,000 blockchains are all done on salana we know that but there's more gets better new monthly active users from the team of emis breaks 153 million users and it's going parab Bic ladies and gentlemen we were under 15 million users in March now it's 10x in 6 months basically 10x in 6 months see the pattern here there a black hole soul and by the way I once said that if we get to a Dap that has 100 million daily active users that means there will be a billion daily active users on crypto and that's the end game and that could now happen at this rate if it continues that'll happen in 2025 then then we easily get A1 trillion crypto market cap see how it all relates together I hope so I've been explaining it for years so hope you get it now salana also hits the highest economic value ever uh this is weekly real economic value and the highest ever in its history it's vote fees it's tips priority fees base fees it's Bonkers absolutely bonkers and the validators are making bank because the chain is being used every transaction is like 0. 002 and they still make money because there's millions and millions of transactions every day they make it up in volume unlike.
com bust in 1999 anyhow institutional money is also flying into salana last week $2 24 million came in and uh in fact eth had a bit of money flow in and Bitcoin had a lot of L of money come in too but uh when you look at the size of the asset that's a pretty big flow and there's more and more ETFs etps etns for salana coming out every single day all over the world Brazil Sweden Germany Switzerland etc etc us will get one next year too pretty certain of that as well actually that's guaranteed not even certain and salana does 46% of all crypto deck volume Tada from defi llama and you can see compared the others ethereum 177% binance 8% base 8% base is a private blockchain everybody don't go out and buy a Bas token cuz it doesn't exist arbitrum 7% Avalanche 1. 8% polygon 1. 3% SOI 1% thorchain 1% that's it that's it Winner Takes most ladies and gentlemen does anybody figure out what the winner is yet answers on a postcard I think you know and memes are still the top narrative still up 90% for the month and that's it's okay because all the memes happen in one place anyway but the memes were there to stress test the chain to make sure it can scale and work everybody by the way let's get the message out I I never asked for likes or thumbs or whatever but if you could people need to know this so they can get they can sell their dead bags including eth by the way um no offense to eth now so eth is back back on the menu salana keeps draining eth over $280 million has been bridged from from other chains to salana in the last 7 days from salana floor and this includes as well 280 million drained from other chains to sa and this is eth tool 160 million from eth TOA and only 84 million back so double the drainage out of one chain and back to the other it's insane it's only going to get worse it's been happening all year that's why the tvl on salana is exploding and shrinking on the other places now a little bit of crazy domination this was not on my bingo card for 2024 where the fees of a salon chain dap called radium would nearly equate that of tether tether has three 13.
37 million in fees every 24 hours radium now is 12 million salana 8 million jeto 8 million eth four Circle four by the way we'll get to Circle in a minute crazy crazy that one Dex on salana does nearly as much fees as tether crazy and speaking of circle this is circle here the do the dominance is now 72. 41% of all usdc action is happening on salana and the market cap of salana usdc is 4. 5 billion and that's gone up 15% in just 7 days again when regulation comes in I think Circle has a very good chance usdc of being a very dominant us stable coin as well that's all happening 2020 25 and this was this was yesterday this is today remember I said it's bunkers I was not on my bingo card well here it is radium smokes tether 15.
14 million in fees in a day versus tether 13. 37 see how it changed it went from 12 to 15 24 hours it the chain is growing so fast let's go back to this chart again because it shows you how fast it's growing this token though has not moved yet but it will it will that's also a certainty coming up too H let's get into some more news if you haven't had enough already maker da another stable coin this is the OG of stable coins is now on salana a sky and again this is the third biggest stable coin it's they're going to call it usds I guess is USD sky for s s for sky and it was previously called Dai die and it's also about 5 billion of usds and D which is the same as Circle so it's very big both combine 10 billion stable coins and running on salana but that will be growing very fast I reckon in 3 months it'll be 20 billion and then after that 40 billion and then after that it'll start eating tether's lunch maybe perhaps we shall see speaking of other stable coins and tvl salana just T flipped tvl of Tron Tron is a chain that is heavy stable coin it's basically all it does stable coins everybody and metrics are flipping every chain and market cap is flipping every company what do you mean by every company well for those of you who are old enough to remember Sony Sony is a huge Japanese company one of the top 10 corporations maybe top five in Japan after the car comp companies and Salon has flipped the market cap of Sony Corporation that's how big it is everybody very big let's look at some more charts let's look at where we are crypto Market over the last 30 days salana is up 50% Bitcoin up 31% not bad things are moving but it needs to move a lot more okay that's why I'm very certain we're going to break the alltime high and then go a lot more after that I will be upping my price targets because of the Sol upside model it' be great if eth could pump a little bit too CU that'll raise all boats but looks like it hasn't happened for years and it may not happen and salana surges above A1 billion do market cap outpacing Bitcoin ethereum gains yep we know that I shared that at the very beginning in my first two charts and speaking of chains by the way shout out to Two Chains I met two chains at the Wii robot event that was the Tesla event in Los Angeles Two Chains was there he has the most incredible hair you've ever seen but I thought it'd be funny to insert two chains in the in the middle of five chains and uh here are the five chains that have huge amount of tvl over $2 billion each goo Camino radium Jupiter and marinade marinade I mean Jupiter has all of that tvl we blew through it today madness madness madness anyhow uh Ry as well radium oh by the way Ray I own in full ofure Ray just murdered Unis swap it is doing 2. 75x nearly three times the volume of Unis Swap and swap was the heavyweight gorilla of all dexas in the past cycle back when eth was a thing now there's a new dog in town and yeah woof woof you know what it is and Saul Al are back I will be doing a Sal Al update it takes so much time to analyze 20 different tokens there's about 12 in the Sol portfolio some of them are listed here just to show you that they have come back with vengeance note I own radium I own NOA I own Orca in the solot portfolio but Rift is up 214% radium 176% just in the last 30 days parcel 98% soland 81.
5% nasana 81% mango 72% zoos 66% Orca 58% Camino 56% and tensor 65% things are coming back fast the mother ship has yet to pop think about that then the sols will be on fire and that was always the plan get in early get in hard buy a little bag sit and wait very low allocation if it goes to zero you don't care because some of them will be very successful and just radium alone with nasana have already made me a more than a 2X if you assume all the other Investments I made in sols go to zero I'm already up so the experiment has worked but there's more let's get into some more data this one here the total market cap of salana liquid staking tokens is exploding again $7. 4 billion in new all-time high again driven by Goo marinade Jupiter all big Jupiter I think makes up about 133% goo is about 43% and again just like the users just like the adoption just like the fees this is also growing very fast and Sal is also getting the attention of woo blockchain like glass nodes and wo blockchain that normally only just focus on Bitcoin now they're getting interest in salana and uh they talk about how meme transactions are hot fees are exploding going to the roof m driven by jto settled nearly 16 million in Revenue reached 622k new record and pump. fun is doing a whole bunch of stuff too check with Mando for the updates on that one I'm not up on the memes but uh it's good to see how they are really helping adoption of crypto because that's what we care about is adoption and if if your gateway drug is a meme coin I don't care go for it and salana staking rewards hit an all-time high of 10.
3% staking rewards it's all driven Now by fees and Mev and it's crazy so all things are really happening remember the more adopted the chain gets the more use the more fees the more tvl the more staking rewards that's it and phantom phantom makes a lot of this possible shout out to the Phantom team they are now the number two on the App Store after Google browser can you believe it this is crazy this is a crypto wallet and it's the second most popular application in the Apple App Store if I got that right uh again Google is the browser's top spot Phantom is number two and the wallet surpassed everything else everything else because so completely crazy uh like you're up there with like the Netflix's of the world and all that stuff and Ubers Phantom crypto wallet number two that's how incredible this moment is in time and Shout out again to the Phantom team because they are so good and they built such a good wallet and be careful everybody as well if you have a phantom wallet and something appears in it that you didn't put there don't engage with it don't click on it cuz it'll drain you just hide it don't even delete it you go to your settings and just just hide never see it again you're going to be fine so be careful and have many wallets too spread it all around but Phantom is the leading leading crypto non-custodial wallet and it's used heavily for defi nfts Etc now they bought a company called Blowfish uh it's a web 3 security platform uh just yesterday and the acquisition is focusing on enhancing wallet security for Phantom users and combat fraud in the crypto space blow fish blowfish is known for its Advanced fraud protection capabilities and they've prevented over 3 million scams and scanned more than 1 and a half billion transactions and secured 18 billion in assets so this is huge again think of the wallet being your future little Bank literally like your wallet and having a most secure one with this type of acquisition is huge news so I I'm couldn't be more pleased and salana transfer volume is not an all-time high from glass no glass node reporting on salana November 16th uh Salon transferer volume had an alltime high of 318 billion dollars number of active addresses spiked to over 22 million active addresses this is again crazy it shows you all of the key trends of growth and everything else that are happening on salana now there's more if you didn't need more well a couple more data points uh first of all uh salana suppresses eth and all its l2s combined no surprise there dominance 44% Volume 7 billion and it's just the beginning and it goes without saying nft markets also are being crushed 66,000 users half of all nft players are on salana half half again it soon it'll be higher because The Winner Takes most and final story of the day there's yet another salt strategies there are firms now they are not doing the Bitcoin strategy like micro strategy but they're just going straight to salana they're going to buy salana because they know they know how undervalued it is they know if they can borrow money or use their cash drop it into salana sit back and wait it's going to go from 200 bucks 300 bucks to 600 bucks and maybe $1,000 in time so they're doing the right thing this is a Canadian company called Canadian or s Global Investments the ticker is s CF I think and they are raising 3. 6 million to buy salana but be careful on this one because it's a tiny market cap it's like 6 million last time I checked and they're raising 3.