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- Solana surpasses Ethereum in stablecoin, NFT volume, Google search traffic
Solana surpasses Ethereum in stablecoin, NFT volume, Google search traffic
Bay Area Times
January 03, 2024
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Top stories today:
- Solana surpasses Ethereum in stablecoin, NFT volume, search traffic
- Tesla sells 485K EVs in Q4, less than BYD's 526K
- X brings back headlines in link previews, but now they're tiny
- Streaming subscription churn climbs to 6% per month
- Convertible debt issuance +77% YoY to $48B in 2023 in U.S.
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0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. Solana surpasses Ethereum in stablecoin, NFT volume, Google search traffic
Solana reached $103B in stablecoin volume in the past week, vs. $91B for Ethereum, $82B for Tron, and $15B for BNB Chain:
NFT sales topped $366M in Dec., also more than Ethereum's.
Solana's Google traffic (blue) flipped Ethereum's (red) in mid-December
Solana's price has 11x’ed since Jan. 2023, climbing from $10 to $109 — currently at $62B market cap.
2. Tesla sells 485K EVs in Q4, less than BYD's 526K
Better than estimates of 483K.
Repeated price cuts were done by Tesla in 2023.
BYD doesn't sell in the U.S., where its vehicles would face a 27.5% tariff.
Rivian delivered 14K vehicles to customers in Q4.
80% of cars sold in Norway are EVs.
Our view: the U.S. still leads in innovation (0 to 1), while China is great at globalization (1 to many)
U.S. and China on Peter Thiel's technology vs. globalization model.
Tesla can differentiate with Full Self Driving, as this sort of advanced AI software may be harder to copy than automotive hardware.
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