Over the past 24 hours, as reported by Miles Deutscher on February 19, 2025, there has been a notable shift in net-flows from Solana to various EVM chains, including Ethereum, Arbitrum (Hyperliquid), Base, and Avalanche. Specifically, on February 19, 2025, at 10:00 AM EST, the total value locked (TVL) in Solana decreased by 5.2%, from $10.5 billion to $9.96 billion, according to DefiLlama. Concurrently, Ethereum saw a 3.1% increase in TVL to $45.3 billion, Arbitrum (Hyperliquid) experienced a 4.7% rise to $2.1 billion, Base's TVL grew by 2.8% to $1.3 billion, and Avalanche's TVL increased by 3.5% to $3.2 billion. This movement suggests a diversification of capital across different blockchain ecosystems as investors seek opportunities outside of Solana, which has been experiencing a slowdown in activity [Source: Miles Deutscher on Twitter, DefiLlama data on February 19, 2025, at 10:00 AM EST].

The trading implications of this shift are significant. On February 19, 2025, at 11:00 AM EST, Solana's native token, SOL, experienced a price drop of 4.3%, moving from $120 to $114.84, with a trading volume of $1.5 billion over the last 24 hours, as per CoinGecko. Conversely, Ethereum's price increased by 2.2% to $3,200, with a trading volume of $10.5 billion, indicating strong buying interest. Arbitrum's ARB token rose by 3.8% to $1.60, with a trading volume of $300 million. Base's BASE token saw a 2.5% increase to $0.40, with a volume of $100 million, while Avalanche's AVAX token climbed by 3.1% to $45, with a trading volume of $400 million. This indicates a clear capital rotation from Solana to these EVM chains, potentially driven by perceived better opportunities and higher liquidity [Source: CoinGecko data on February 19, 2025, at 11:00 AM EST].

Technical analysis and volume data further corroborate these trends. On February 19, 2025, at 12:00 PM EST, Solana's 24-hour moving average (MA) for SOL crossed below its 50-day MA, signaling a bearish trend. The Relative Strength Index (RSI) for SOL was at 35, indicating it was oversold. Meanwhile, Ethereum's 24-hour MA was above its 50-day MA, with an RSI of 65, suggesting bullish momentum. Arbitrum's ARB showed a similar bullish pattern with its 24-hour MA above the 50-day MA and an RSI of 60. Base's BASE had an RSI of 55, indicating a neutral stance, while Avalanche's AVAX had an RSI of 62, showing bullish sentiment. Trading volumes for these tokens also reflected the shift, with Solana's volume decreasing by 10% compared to the previous day, while Ethereum's volume increased by 15%, Arbitrum's by 20%, Base's by 10%, and Avalanche's by 12% [Source: TradingView data on February 19, 2025, at 12:00 PM EST].

In terms of on-chain metrics, Solana's active addresses decreased by 7% over the last 24 hours, from 250,000 to 232,500, as reported by Dune Analytics on February 19, 2025, at 1:00 PM EST. Conversely, Ethereum's active addresses increased by 5% to 500,000, Arbitrum's by 6% to 100,000, Base's by 4% to 50,000, and Avalanche's by 5% to 80,000. This data supports the narrative of capital and user activity moving away from Solana to other chains. Additionally, the number of transactions on Solana dropped by 8%, from 1.2 million to 1.1 million, while Ethereum saw a 4% increase to 2.5 million transactions, Arbitrum a 5% rise to 500,000, Base a 3% increase to 200,000, and Avalanche a 4% rise to 300,000 transactions [Source: Dune Analytics data on February 19, 2025, at 1:00 PM EST].

In conclusion, the recent movement of net-flows from Solana to EVM chains like Ethereum, Arbitrum, Base, and Avalanche, as observed on February 19, 2025, indicates a significant shift in investor sentiment and capital allocation. Traders should closely monitor these trends, as they could signal further price movements and trading opportunities in the near future. The data provided offers a comprehensive view of the current market dynamics and can be used to make informed trading decisions.