Solana TVL reaches nearly $9.8 billion, up about 600% in 12 months
Solana's total locked-in value (TVL) has reached $9.77 billion, a significant expansion from $1.4 billion a year ago, with TVL increasing by approximately 600% in 12 months, according to The Block. Solana's eco-leading DEX Raydium accounted for $2.59 billion of the total TVL, underscoring the network's growing demand for decentralized trading infrastructure. Additionally, Solana's TVL, while sizable, is still relatively small compared to Ether's $68 billion, suggesting that the ecosystem has potential room for further growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zura Bio's mid-stage clinical trial for skin disease drug fails
BUZZ-Dropbox shares fall due to plans to issue $1 billion in convertible bonds
Wedbush lowers the target price for Cerebras Systems to $190.
BUZZ-Zura Bio shares plummet after mid-stage trial failure of skin disease drug
Crypto prices
More
