Solana’s Total Value Locked (TVL) hit a new peak, indicating significant growth in the decentralized finance (DeFi) space. Despite a recent SOL price drop, key metrics show a rise in network engagement. The upcoming staking unlock may influence price dynamics in the near term.
With a current TVL of 6.5 billion USD, Solana leads against BNB Chain in DeFi metrics. Its resilience in DEX trading volumes reflects its competitive positioning in the market, boasting a 24% market share despite recent downturns in related meme coins.
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