Solana soars 43% against Bitcoin so far in 2023 
The L1 Native Token Returns vs. BTC highlights the relative price performance of large L1 native tokens versus bitcoin since Jan. 4.
Quick Take
- Solana: +42.4% against BTC
- BNB: -3.0% against BTC
- DOT: +4.8% against BTC
- ETH: +2.2% against BTC
- Matic: +2.8% against BTC
Definition: Market Capitalization Grouping vs. BTC
The Market Capitalization Grouping vs. BTC highlights the relative price performance of market capitalization size-based clusters versus bitcoin. Market capitalization groupings are defined as, Large Cap: >1B $, Mid Cap: 1B-100M $, Small Cap: 100M-50M $.
Quick Take
While in the last week since Jan. 10, large, mid, and small caps are all posting negative returns against Bitcoin.
- Large Caps: -5.5%
- Mid Cap: -0.27%
- Small Cap: -4.36%
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Ethereum
$3,274.97
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Glassnode
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