Value

Solana

DeFi

Daily

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/solana-achieves-record-total-value-locked" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana Achieves Record Total Value Locked</a><br></p>
<p style="text-align: justify">As of October 22, <a href="https://en.bitcoinhaber.net/analyst-predicts-major-upsurge-for-solana" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (<a href="https://en.bitcoinhaber.net/solana-thrives-as-a-beacon-in-crypto-despite-market-tumult" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>) has achieved a remarkable milestone in its total value locked (TVL), which now stands at $6.43 billion. This figure represents the highest level of TVL the network has recorded since January 2022, signaling a resurgence in activity and interest within the Solana ecosystem, according to data from DeFi analytics firm DefiLlama.</p>
<h2 style="text-align: justify" id="what-contributes-to-solana-s-tvl-surge">What Contributes to Solana’s TVL Surge?</h2>
<p style="text-align: justify">The substantial increase in TVL follows a period of market volatility that has renewed investor interest in Solana. After experiencing a downturn in early 2022, the network has positioned itself as a key player in the cryptocurrency landscape, supported by its current TVL figure.</p>
<h2 style="text-align: justify" id="how-is-user-engagement-responding">How is User Engagement Responding?</h2>
<p style="text-align: justify">User engagement on Solana is also on the rise. The daily trading volume has reached $2.41 billion, with active addresses on the platform increasing to 7,620. Additionally, there have been fresh inflows totaling $491 million, indicating a growing confidence in the network’s prospects.</p>
<p style="text-align: justify">Key Insights:</p>
<ul>
 <li>Solana’s TVL has reached $6.43 billion, the highest since January 2022.</li>
 <li>Daily trading volume is recorded at $2.41 billion.</li>
 <li>Active addresses have surged to 7,620.</li>
 <li>New capital inflows amount to $491 million.</li>
 <li>SOL’s price has risen over 7% in the past week.</li>
</ul>
<p style="text-align: justify">The SOL <a href="https://en.bitcoinhaber.net/meme-coins-experience-may-rally" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>, Solana’s main cryptocurrency, has also seen a price increase of over 7% recently, nearing $166. With a market capitalization of $77.84 billion, Solana currently ranks as the fifth largest cryptocurrency and the fourth in the altcoin sector. Despite this progress, SOL is still 36.18% below its all-time high of $260.06, reached on November 7, 2021.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/solana-achieves-record-total-value-locked" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana Achieves Record Total Value Locked</a></h5>

Solana Achieves Record Total Value Locked

Table of Contents

BH NEWS

Other articles published on Oct 22, 2024

Transak Data Breach Exposes 92K Users: Employee Phishing Attack, Ransomware Group Claims Responsi...

Ripple’s Brad Garlinghouse Backs Co-Founder’s $10 Million Support for Kamala Harris: ‘Voters Care...

XRP News Today: Global Liquidity Could Fuel Historic Rally, Predicts Analyst

How Will Bitcoin and Ethereum (ETH) Move This Week? Up or Down? Analysts Evaluate!

BlockDAG’s New Website & Video Drive Presale Toward $100M – Aptos Wobbles, Kaspa Plots Recovery

Dogecoin Price Set to Hit $1: Investor Sentiment, Whale Activity, and More

Join our free newsletter for daily crypto updates!