2024

Solana

Billion

Coin

<ul class="wp-block-list news-points">
 <li>Solana nears $175 with a 5% surge in prices in the past 24 hours.</li>
 <li>The TVL of the blockchain has skyrocketed to $6.54 billion.</li>
 <li>Over 83% of the SOL tokens are staked, highlighting investors’ bullish outlook.</li>
</ul>
The total value locked (TVL) in the Solana blockchain ecosystem has exceeded $6 billion, driving a 4.94% increase in the price of SOL, the network’s native token, over the past 24 hours. The digital asset’s trading volume has also risen by 24.05% to $4.13 billion.
<a href="https://defillama.com/chain/Solana" target="_blank" rel="noopener noreferrer nofollow">Data</a> from DefiLlama shows that the Solana TVL is currently at $6.54 billion, with a stablecoin market cap of $3.67 billion. The network has 5.34 million daily active users and processed 41.08 million transactions in the past 24 hours.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Solana This Week: Hello $6 Billion TVL, 6M Daily Active Addresses. Solana TVL crosses $6B! 83% of SOL now staked! FTX unstakes $28M worth! Let's unpack this week in Solana <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> 1/6 <a href="https://t.co/XrZ93rN1Su" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/XrZ93rN1Su</a>— CoinMarketCap (@CoinMarketCap) <a href="https://twitter.com/CoinMarketCap/status/1849269607330451891?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 24, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
The Solana TVL is at its highest point since 2022, having previously surpassed $10 billion during the 2021 bull run. SOL holders are increasingly optimistic, with approximately 83% of circulating SOL now staked, …
The post <a href="https://coinedition.com/solana-tvl-surpasses-6-billion-sol-price-jumps-5/" rel="noopener noreferrer nofollow">Solana TVL Surpasses $6 Billion, SOL Price Jumps 5%</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Solana TVL Surpasses $6 Billion, SOL Price Jumps 5%

Coin Edition

Other articles published on Oct 24, 2024

Crypto Predictions 2025: What to Expect and How to Prepare

Government Lawyers Hints At Nishad Singh’s Support In FTX Probe

Is Bitcoin Set to Reach a New All-Time High In 2-4 Weeks: Top Analyst Weighs In

Ankr integrates TON into Web3 API services for developers

5 Best Dogecoin and Shiba Inu Alternatives to Turn $200 into $30,000 with 150x Gains in 2 Months

Satoshi-Era Bitcoin Wallet Reactivated With $10 Million in BTC Profits

Join our free newsletter for daily crypto updates!