{"id":18409,"date":"2024-11-07T20:12:38","date_gmt":"2024-11-07T18:12:38","guid":{"rendered":"https:\/\/forklog.com\/en\/solanas-tvl-surpasses-6-6-billion-marking-a-360-increase-this-year\/"},"modified":"2024-11-07T20:12:38","modified_gmt":"2024-11-07T18:12:38","slug":"solanas-tvl-surpasses-6-6-billion-marking-a-360-increase-this-year","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/solanas-tvl-surpasses-6-6-billion-marking-a-360-increase-this-year\/","title":{"rendered":"Solana’s TVL Surpasses $6.6 Billion, Marking a 360% Increase This Year"},"content":{"rendered":"

The total TVL<\/span> of decentralized applications within the Solana ecosystem has more than tripled since the beginning of the year, nearing the figures of Tron.<\/p>\n

<\/p>\n

\"DeFiLlama1_\"
Growth dynamics of TVL in the Solana-based ecosystem. Data: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

In comparison, Ethereum’s corresponding figure<\/a> increased by 136% over the same period.\u00a0<\/p>\n

Over the past 30 days, the total value locked in the Solana ecosystem has risen by 22.23%, according to DeFi Llama. The current metric stands at $6.64 billion. The peak was reached in November 2021, briefly surpassing the $10 billion mark.<\/p>\n

\"DeFiLlama1\"
The Solana-based ecosystem ranks behind only Ethereum and Tron in TVL. Data: DeFi Llama<\/a>.\u00a0
<\/figcaption><\/figure>\n

The largest Solana applications include Jito, Kamino, and Jupiter.<\/p>\n

\"DeFiLlama2-1\"
Major DeFi applications on Solana. Data: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

Future Prospects for Solana<\/h2>\n

In a conversation with Decrypt, CoinSwitch executive Balaji Srihari expressed hope<\/a> that resolving regulatory uncertainties will allow Solana to fully realize its potential.<\/p>\n

\n\u201cDonald Trump’s victory signals a potentially more favorable regulatory environment for the crypto industry. This could soften the SEC’s strict stance on assets like Solana,\u201d the expert noted.<\/cite><\/p><\/blockquote>\n

He added that the approval of an ETF based on the fourth-largest cryptocurrency by market capitalization will depend on \u201cthe complex interplay of regulatory and market dynamics.\u201d At the end of October, crypto investment firm Canary Capital submitted a corresponding application to the SEC<\/span>.\u00a0<\/p>\n

At the time of writing, Solana is trading around $194 (25.6% below its all-time high). Over the past seven days, the asset has risen by 14.2%, according to CoinGecko<\/a>.\u00a0<\/p>\n

Earlier, technical analyst Peter Brandt saw potential for a 27-fold increase in Solana’s value \u2014 up to $4500.<\/p>\n","protected":false},"excerpt":{"rendered":"

The total TVL of decentralized applications within the Solana ecosystem has more than tripled since the beginning of the year, nearing the figures of Tron.<\/p>\n","protected":false},"author":1,"featured_media":18408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1159],"class_list":["post-18409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18409"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18408"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}