CandleFocus

Solana TVL Surpasses $6 Billion, SOL Price Jumps 5%

Author: Content Editor
The total value locked (TVL) in the Solana blockchain ecosystem has reached over $6 billion, leading to a 4.94% increase in the price of SOL, the network's native token, and a 24.05% rise in trading volume. Solana's TVL currently stands at $6.54 billion, with a stablecoin market cap of $3.67 billion. The network has 5.34 million daily active users and processed 41.08 million transactions in the past 24 hours. Approximately 83% of circulating SOL is now staked, with SOL reaching its highest point since 2022. Solana has experienced increased NFT activity and recently had Stripe enable USDC payments on its blockchain. Despite the recent unstaking of SOL by FTX, the token's price has risen by 5% in the past 24 hours and 14% in the last seven days. SOL has gained 18.58% over the last 30 days and 461.52% since October 2023, reaching a market cap of $81.58 billion. The Solana RSI is currently at 70.76, indicating overbought conditions. This news is presented for informational and educational purposes only and should not be considered financial advice.

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