$SOL $AVAX and other projects rivaling $ETH are barely making it through the bear market
, and almost every time they end up losing more than the cryptocurrency they were planning on destroying. In 2021's bull run there were at least three "killers" that are not feeling too well today.
According to the market performance of the aforementioned assets, the average return on each Ethereum competitor is around -80% from the all-time high. The least effective asset in terms of market performance is DOT with an 88% drop.Solana, which at some point was seriously close to overtaking Ethereum's market, including the NFT and DeFi industries, went through a severe bull market, not finding any support for a proper recovery.
Solana's stability became a meme at some point as it has been going down steadily around weekends, which made some people think that the blockchain shuts down at the end of the week and opens up again on Monday.