Summary
Solana’s SOL token has seen a 30% rise to $190, with its DeFi ecosystem experiencing record-high activity. The network’s low transaction fees and meme coins have contributed to this growth, surpassing Ethereum in DEX volume. Top DEX platforms on Solana have seen significant trading volumes, with the total value of assets locked on the network at a two-year high. Solana’s DeFi TVL has surpassed Binance Smart Chain, indicating its growing dominance in the DeFi sector. The network has also seen an increase in the creation of new SPL tokens, setting new records. These milestones position Solana as a strong competitor against Ethereum in the DeFi space.
Key Points
1. Solana’s SOL token has risen by around 30% in the past month to around $190, making it one of the best performers in the ongoing bull market.
2. Solana’s decentralized finance (DeFi) ecosystem has experienced significant growth, with daily transaction volume surpassing $3.6 billion and setting a new all-time high.
3. Solana has seen a surge in the creation of new Solana Public Library (SPL) tokens, with an average of over 7,800 tokens minted daily on the network and a peak of 9,690 tokens on a single day.