Solana Drops 22%, But Still Beats Cardano’s 35% Fall — Which Layer 1 Will Bounce Back in April?
The past month has not been kind to Layer 1 giants. Solana (SOL) and Cardano (ADA) suffered sharp declines in March, dragged down by market-wide corrections and fading momentum from February’s highs. But while Solana lost over 22%, Cardano’s dip was steeper, plunging more than 35%, raising questions about short-term resilience and long-term competitiveness. Source: Coinmarketcap Solana opened the month near $136, rising slightly mid-March before entering a steep decline that bottomed out at $101 on April 6. It has since recovered marginally to trade around $106, posting a 22.66% monthly drop. Despite the drawdown, Solana showed more short-term recovery signals than Cardano, failing to maintain upward momentum throughout the month. Read Also: XRP Price Plunges as Market Cap Loses $20… ADA Slides Further: Is Cardano Losing Its Edge? Cardano, often known for its academic approach and peer-reviewed protocols, trailed Solana in performance. ADA entered March on a weaker note and never gained real traction. The month-long slide saw ADA decline over 35%, with minimal intraday recoveries. The ADA vs. SOL chart clearly shows that while both tokens experienced March turbulence, Cardano bore the brunt of the market’s bearish pressure, underperforming significantly during the month’s final days. Source: Coinmarketcap Key Numbers: Solana vs. Cardano (March 8 – April 7, 2025) Metric Solana (SOL) Cardano (ADA) Price (Start) ~$136 ~Varies (est. $0.75+) Price (End) ~$106 ~35% decline Monthly Change -22.66% ~ -35% Volume (24h Change) +447% Data unavailable Market Cap (Now) $54.68B Smaller than SOL’s Solana’s market cap remains strong at over $54 billion, and its 24-hour trading volume soared 447%, indicating strong interest even during the crash. This sharp rise in volume may suggest accumulation by large buyers or high-volatility trading. What Does April Hold? The April outlook hinges on two factors: market sentiment and network performance. Solana has a faster ecosystem and growing NFT and DeFi presence, and it could bounce back faster if sentiment shifts. Cardano may recover more slowly unless its upcoming updates trigger renewed investor interest or ecosystem growth. Final Verdict Solana and Cardano took hits in March, but Solana showed stronger resilience, cutting its losses at 22%, while ADA plunged over 35%. With April already showing signs of stabilization, traders are watching closely to see which Layer 1 will lead the next recovery wave.
Coinbase Expands Crypto Futures with Solana and Hedera to Boost Trading Options
Coinbase is expanding its crypto futures offerings by introducing new Solana (SOL) and Hedera (HBAR) contracts. Announced on February 18, this move gives traders more flexibility in the rapidly growing crypto derivatives market. The Solana futures contracts include 100 SOL per contract, while nano Solana futures offer 5 SOL per contract, catering to both large and small traders. For Hedera, future contracts include 5,000 HBAR per contract, making it easier for investors to trade Hedera securely. By adding these options, Coinbase is broadening its structured trading services and making crypto derivatives more accessible to a wider range of traders. Coinbase Introduces EURC-USDC Perpetual Futures for 24/7 Trading In addition to Solana and Hedera futures, Coinbase is launching EURC-USDC perpetual futures on its International Exchange. These new contracts allow traders to invest in Euro-denominated digital assets around the clock, offering a new way to trade stablecoins globally. With up to 20x leverage, traders can maximize their exposure while using less capital, making these futures ideal for professional and institutional investors. By expanding its futures lineup, Coinbase is giving traders more tools to manage risk, execute trades efficiently, and navigate the global crypto market. This move also strengthens market efficiency and enhances global accessibility to digital assets, reinforcing Coinbase’s position as a leading exchange. Read Also: $PAWS Token Listing and Allocation Checker: Big Updates… Regulatory Approval Gives Coinbase an Edge Over Competitors Coinbase’s ability to expand its future offerings comes from its strong regulatory backing. The U.S. Commodity Futures Trading Commission (CFTC) has approved these new futures contracts, ensuring they comply with U.S. financial regulations. Coinbase Financial Markets, a fully regulated Futures Commission Merchant, will oversee these futures contracts, ensuring secure and transparent trading. With these approvals, Coinbase is building trust among institutional investors and everyday traders, gaining an edge over exchanges that lack similar regulatory status. As regulations around crypto trading become clearer, Coinbase’s fully compliant futures offerings could attract more institutions looking for safe and legally compliant trading options. Coinbase’s Expansion Strengthens Its Role in the Crypto Derivatives Market By adding Solana, Hedera, and EURC-USDC futures, Coinbase is positioning itself as a dominant force in the crypto derivatives space. Offering regulated and structured trading options attracts institutional investors, increasing market stability and liquidity. As the demand for crypto futures rises, Coinbase’s continued expansion could drive greater mainstream adoption of digital assets. More traders and financial institutions may turn to crypto derivatives as a reliable investment and risk management tool. With these latest additions, Coinbase now offers 19 different futures contracts, including Bitcoin, Ethereum, and Dogecoin. This broad selection solidifies its reputation as a top-tier secure and regulated crypto futures trading platform. As Coinbase expands, it is reshaping the future of digital asset trading and bringing crypto derivatives into the mainstream financial ecosystem.
