šš¤Solana (SOL) TVL Surpasses $6 Billion After Almost 3 Yearsš
š Solana's TVL has reached $6 billion after almost three years, driven by its burgeoning DeFi ecosystem.
Raydium and memecoins have been instrumental in Solana's TVL resurgence, which now dominates DEX volume among several blockchains.
The rise in TVL on Solana is also due to its growing Liquid Stake Token ecosystem, with Jito leading the sector with $2 billion.
The total value locked (TVL) on the Solana network has surpassed $6 billion, a significant milestone since January 2022. After 1,012 days, the blockchain has regained strength within the decentralized finance (DeFi) ecosystem, showing a solid recovery despite market fluctuations.
This growth is not only attributed to the rise in the price of the native SOL token, but rather to the expansion of its DeFi ecosystem, which has seen a boom in transaction volume and adoption of new protocols.
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