Reported about 7 hours ago
Over the past year, Solana's total value locked (TVL) surged from $1.4 billion to $9.77 billion, marking a 600% increase driven by the TRUMP token's launch, which generated $11 billion in trading volume. With around 300 million daily transactions and over 4 million active addresses, the network has seen significant growth. The leading decentralized exchange, Raydium, has contributed $2.59 billion to the TVL, and daily transaction fees hit a record of $33.3 million. Despite this impressive growth, Solana's TVL remains smaller compared to Ethereum's $68 billion, indicating further potential for expansion in the DeFi space.
Source: YAHOO