Solana’s market cap has climbed again above the $100 billion threshold, pushed by a broader crypto market restoration that’s lifting the worth of main altcoins.
As of July 21, information from CryptoSlate reveals Solana’s market cap surged by over 7% previously 24 hours, reaching roughly $104 billion, its highest level since January. This follows a notable value improve that pushed SOL to a six-month excessive of $194.
The current value surge has additionally invigorated Solana’s DeFi ecosystem. In response to DeFiLlama information, the overall worth locked (TVL) throughout Solana-based protocols now exceeds $10 billion. That is the very best stage recorded since January and displays renewed curiosity within the community’s DeFi choices.
The expansion can be seen in decentralized trade (DEX) exercise. Solana-based DEX platforms processed $23 billion in buying and selling quantity over the previous week, an almost 22% improve in comparison with the earlier week.
This uptick in person exercise suggests enhancing liquidity and rising confidence within the community’s scalability and efficiency.
