Solana’s DeFi total value locked (TVL) rose to 9.44 billion USD, showing marked growth in its lending sector. The price of SOL surpassed 170 USD due to whale buying and increased trading activities, particularly with platforms like Jito and Kamino, boosting overall engagement.
Investor dynamics shifted, as JitoSOL’s TVL increased to 3.15 billion USD and Kamino reached 2.6 billion USD. Meme tokens like WIF and BONK significantly bolstered trading activity, demonstrating Solana’s resilience against stablecoin outflows. The net influx from Ethereum further reflects a changing landscape.
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