SOL Flat Over 30 Days While BTC, ETH Gain +12.9% — L1 Divergence Widens to 1,300 bps
Solana is essentially unchanged over 30 days (−0.31%, $86.48 → $86.21) while Bitcoin gained +12.88% and Ethereum gained +12.68% — a striking inversion of the typical pattern where SOL, as a high-beta L1, outperforms BTC in risk-on environments. The 1,319 bps BTC-SOL spread, combined with SOL sitting 32.2% below its 90-day high versus BTC's 12.9% drawdown, reflects selective capital rotation favoring BTC/ETH. Most major L1s underperform BTC/ETH at 30 days (BNB +0.03%, ADA −1.67%, AVAX +2.90%, DOT −5.62%), though XRP outperforms at +4.85%.
Supporting 7 queries
To surface this insight, Baselight ran 7 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
SOL 30d return: −0.31% ($86.48 → $86.21); BTC 30d return: +12.88% ($68,787 → $77,647); ETH 30d return: +12.68% ($2,059 → $2,320). BTC-SOL spread: 1,319 bps. SOL 90d high: $127.08 (−32.2% below current). BTC 90d high: $89,193 (−12.9% below current). Other major L1s at 30 days: BNB +0.03%, XRP +4.85%, ADA −1.67%, AVAX +2.90%, DOT −5.62%.