Solana’s DeFi TVL Surpasses $10 Billion
Decentralized Finance with Solana (Decentralized Finance) ecosystem has reached a major milestone, demonstrating its growing role in the blockchain space.
The blockchain’s total value locked (TVL) exceeded $10 billion for the first time in three years.
Solana’s surge in TVL and DEX activity
Data from DeFiLlama shows that Solana’s TVL has increased by $1.5 billion since January 14, reaching an all-time high of $10.172 billion. The surge highlights the platform’s growing popularity in Decentralized Finance Application and its ability to attract large amounts of liquidity.
Solana besides Outperform competitors in decentralized exchange (DEX) trading activity. Data shows that Solana’s daily DEX trading volume surged to $10.47 billion in the past 24 hours, almost three times Ethereum’s $3.28 billion.
Over the past week, Solana maintained its dominance, with transaction volume reaching $33.7 billion, compared to Ethereum’s $15.39 billion.
A significant contributor to this growth is the launch of a meme coin called “TRUMP” on the Solana blockchain. this Tokens related to US President-elect Donald Trump, The stock price soared nearly 500%, and the market value exceeded US$15 billion.
“The Trump pair accounted for 18.5% of Solana’s total trading volume today ($1.92B),” cryptocurrency analyst Tom Wan explain.
Likewise, blockchain analyst Sharples point out That meme coin mania Since the token’s debut, USDC lending has increased by $20 million and 460 million newly minted USDC tokens have stimulated activity in the lending market.
Meanwhile, the excitement surrounding Solana isn’t limited to meme coins. Market speculation on potential Spot ETFs based on Solana and the rumored Included in U.S. strategic reserve Boosted investor sentiment. These developments have spurred whale trading and increased Solana’s appeal to institutional investors.
Notably, the bullish outlook has had a positive impact on Solana’s native token, SolAccording to data from BeInCrypto, the price has increased by 10% in the past day and is trading at around $242.
Latest Bitwise Asset Management Report SOL is expected to reach $2,318.90 to $6,636.88 by 2030, driven by increasing daily active addresses and strong blockchain adoption.
Solana’s growth Consolidating its position as a strong competitor to Ethereum in the DeFi field. The network’s scalability and efficient infrastructure make it a top choice for speculative trading and innovative applications. Analysts expect that as the Solana ecosystem matures, it will unlock more opportunities for growth and innovation.
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