Summary
- The TVL of Solana (SOL) has reached an all-time high of $10.172 billion.
- The increase in Solana's TVL is attributed to the issuance of the 'Official Trump (TRUMP)' coin, the launch of spot ETFs, and tax relief policies.
- Currently, Solana's price is $240.49, up 9.21% from 24 hours ago.
The TVL (Total Value Locked) of Solana (SOL) has reached an all-time high.
According to DeFiLlama data on the 17th (local time), Solana's TVL recorded $10.172 billion, surpassing its previous all-time high. The previous record was $10.027 billion in November 2021.
This phenomenon is analyzed to have occurred as the meme coin 'Official Trump (TRUMP)' issued by President-elect Donald Trump was launched on Solana. Additionally, positive expectations such as the launch of Solana spot ETFs, inclusion in the U.S. strategic reserve assets, and tax relief policies for U.S. projects seem to have influenced this.
As of 10:19 PM, Solana is trading at $240.49 on the Binance USDT market, up 9.21% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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