Solana nears $175 with a 5% surge in prices in the past 24 hours.
The TVL of the blockchain has skyrocketed to $6.54 billion.
Over 83% of the SOL tokens are staked, highlighting investors’ bullish outlook.
The total value locked (TVL) in the Solana blockchain ecosystem has exceeded $6 billion, driving a 4.94% increase in the price of SOL, the network’s native token, over the past 24 hours. The digital asset’s trading volume has also risen by 24.05% to $4.13 billion.
Data from DefiLlama shows that the Solana TVL is currently at $6.54 billion, with a stablecoin market cap of $3.67 billion. The network has 5.34 million daily active users and processed 41.08 million transactions in the past 24 hours.
Solana This Week: Hello $6 Billion TVL, 6M Daily Active Addresses.
Solana TVL crosses $6B!
83% of SOL now staked!
FTX unstakes $28M worth!
Let's unpack this week in Solana 
1/6 pic.twitter.com/XrZ93rN1Su
— CoinMarketCap (@CoinMarketCap) October 24, 2024
The Solana TVL is at its highest point since 2022, having previously surpassed $10 billion during the 2021 bull run. SOL holders are increasingly optimistic, with approximately 83% of circulating SOL now staked, …
The post Solana TVL Surpasses $6 Billion, SOL Price Jumps 5% appeared first on Coin Edition.
