Solana

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/surge-in-solanas-total-value-locked-signals-investor-confidence" rel="noopener noreferrer nofollow">Surge in Solana’s Total Value Locked Signals Investor Confidence</a><br></p>
<p style="text-align: justify">The blockchain platform <a href="https://en.bitcoinhaber.net/the-possibility-of-a-correction-in-sol-coin-as-bitcoin-continues-to-rise" rel="noopener noreferrer nofollow">Solana</a> is experiencing a surge in its Total Value Locked (TVL), nearing the high levels witnessed before the FTX collapse. This resurgence, marking a significant milestone for the first time in over a year, raises questions about its sustainability among investors. Solana’s TVL was previously hovering around $350 million but has seen a substantial climb, hitting $1.4 billion in December 2023.</p>
<h2 id="solana-s-tvl-climbs-steadily">Solana’s TVL Climbs Steadily</h2>
<p style="text-align: justify">Data from DefiLlama reveals that Solana’s TVL started to increase in October 2023, with a notable boost in December. As of December 20th, the TVL had soared to $2.069 billion, exceeding the $2 billion mark for the first time since June 2022. Despite this growth, the TVL has recently dipped below $2 billion to $1.9 billion, casting doubt on its consistent growth.</p>
<h2 id="investor-concerns-amidst-solana-price-fluctuations">Investor Concerns Amidst Solana Price Fluctuations</h2>
<p style="text-align: justify">Trading volumes for Solana, as reported by DefiLlama, indicate a rising trend with activity spiking notably on February 20th. Despite a brief dip on February 17th, the volume remained high at over $765 million. This heightened activity across Solana’s network suggests increased usage and interest.</p>
<p style="text-align: justify">However, Solana’s token price has experienced volatility, peaking at $117 on February 14th before a 7% decline unsettled the market. Currently, the token’s price hovers around $101, following a further decline of over 4%, leaving investors apprehensive about the future.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/surge-in-solanas-total-value-locked-signals-investor-confidence" rel="noopener noreferrer nofollow">Surge in Solana’s Total Value Locked Signals Investor Confidence</a></h5>

Surge in Solana’s Total Value Locked Signals Investor Confidence

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