According to Odaily Planet Daily, Rennick Palley, founding partner of crypto venture fund Stratos, said that the relaxation of regulatory policies in the United States has increased the attractiveness of SOL to professional investors.
He believes the recent SOL rally is due to improved overall market sentiment and the increased likelihood that it and its ecosystem tokens will not be considered securities by the Trump administration, with the upcoming ETH ETF also helping.
Data tracked by DefiLlama shows that the total locked value (TVL) of tokens on Solana has increased by more than 25% in a month, breaking through the $5.28 billion mark and reaching April 2022 levels.
