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, knowledge from CryptoSlate reveals Solana’s market cap surged by over 7% prior to now 24 hours, reaching roughly $104 billion, its highest level since January. This follows a notable value enhance that pushed SOL to a six-month excessive of $194.
The current value surge has additionally invigorated Solana’s DeFi ecosystem. In line with DeFiLlama knowledge, the overall worth locked (TVL) throughout Solana-based protocols now exceeds $10 billion. That is the very best degree recorded since January and displays renewed curiosity within the community’s DeFi choices.
The expansion can be seen in decentralized change (DEX) exercise. Solana-based DEX platforms processed $23 billion in buying and selling quantity over the previous week, an almost 22% enhance in comparison with the earlier week.
This uptick in consumer exercise suggests bettering liquidity and rising confidence within the community’s scalability and efficiency.
