You're aware of how bullish I am on Solana. As someone who loves and extensively uses Solana and its ecosystem, let me explain the reasons behind my bullish sentiment and why I'm so optimistic about Solana.
Let's start with TVL (Total Value Locked). Solana ranks as the 4th blockchain with the highest TVL in the crypto ecosystem. With hundreds of applications and platforms in its ecosystem, this is both a good point for Solana and an indicator that it has much more potential to explore compared to Ethereum.
Top DEXs by Volume
When we examine the DEXs with the highest volume, we can see how strong Solana is in the DeFi space. Five out of the top 10 platforms with the highest volume operate on the Solana network. You can see these platforms and the weekly volume increases in the image below.
SOL Price Prediction
Despite all these positive data points, the impact on the token price may take longer to materialize. After experiencing a major issue, there were concerns in the crypto ecosystem that Solana's project might be coming to an end. However, at this point, we can see that Solana and SOL have emerged very strongly from these events. The current chart for SOL and the "Classic Market Cycle" chart are shown in the image below. When we analyze this chart, you can see why I am positive about SOL and why I believe that good times are ahead for Solana in the coming summer.
