Solana TVL hits new yearly high amid SOL’s impressive price rally
The total value of assets locked (TVL) on the Solana blockchain has reached a new yearly high due to SOL's impressive price performance over the past week. The value of assets locked (TVL) on the Solana blockchain (SOL) has reached a yearly high of nearly $350 million, according to data from crypto data aggregator DeFiLlama. The Solana DeFi sector raised nearly $20 million, an equivalent to a 12.2% increase over the past 24 hours, keeping the network as top gainer BSC Chain. This increase continues a year-long trend that saw a 40% increase from the $210.47 million recorded on January 1. Meanwhile, the rising TVL underlines the interest Solana has generated in the DeFi ecosystem. Solana’s current TVL remains below its all-time high of over $10 billion recorded during the 2021 bullish run. However, it is also noted that SOL faces significant headwinds in the form of bankrupt FTX and Alameda Research, which is worth over $1 billion.
公開済み : 2年前 沿って の Finance
The total value of assets locked (TVL) on the Solana blockchain has reached a new yearly high due to SOL’s impressive price performance over the past week.
Solana’s TVL reached an all-time high of nearly $350 million on October 22, according to data from crypto data aggregator DeFiLlama.
According to DeFilm data, the Solana DeFi sector raised nearly $20 million, equivalent to a 12.2% increase over the past 24 hours.
This keeps the network as top gainer BSC Chain, one of the top 10 chains by TVL during the period under review, outperformed established rivals like Ethereum and others.
This increase continues a year-long trend that has seen Solana’s TVL increase by more than 40% from the $210.47 million recorded on January 1.
BeInCrypto previously reported that the blockchain network’s TVL had reached an annual high of $337 million.
Meanwhile, the rising TVL underlines the influx of investors and interest Solana has generated in the DeFi ecosystem. Over time, Solana has established several partnerships in the cryptocurrency industry and traditional sectors.
This year, Solana joined forces with Visa and Shopify. It also recently became Ecosystem Partners Dubai Multi Commodities Centre, an economic free zone within the United Arab Emirates.
However, it is important to note that Solana’s current TVL remains below its all-time high of over $10 billion recorded during the 2021 bullish run.
Solana has seen substantial gains over the past week in line with broader cryptocurrency market trends. During this period, the value of the leading digital asset Bitcoin surged above $30,000 as investors anticipated the launch of a spot BTC exchange-traded fund (ETF).
Data from BeInCrypto shows that the price of SOL coin has increased by a significant 33.9% over the past seven days, hovering near the $30 mark. However, the digital asset has retreated slightly to $28.38 at press time.
Meanwhile, market observers say SOL faces significant headwinds in the form of bankrupt FTX and its sister company, Alameda Research, which is worth more than $1 billion. These holdings could negatively impact the price performance of SOL when companies start dumping as per court orders.
トピック: Cryptocurrency