After a long period of low activity, Solana The network and the ecological system have recovered traction again with the increase in network activities to new levels. The Sol price may be struggling with increased fluctuations, but its net showed flexibility, and a future future for Sol.
TVL rises on Solana to a height of 22 months
Ethereum networkThe strongest competitor and competitor, Solana, gradually demanding a style of lights in the broader Defi sector as a result of his last landmark. As the SOL ecosystem rises again, it continues to consolidate its location as a large group of Blockchain in the world of continuously developed cryptocurrencies.
IC News media platform I mentioned The Solana network suffers from remarkable growth, as the total closed value (TVL) rises, despite the 9 % decrease between March 28 and April 4. The platform stated that TVL from Sol has risen to its highest level since June 2022, which represents a 22 -month rise.
TVL has increased by an additional 53.8 million Sol, which reflects a 14 % monthly increase since June 2022. This landmark indicates an increase in activity during the network Protocols of the network, the participation of the strong ecosystem, and a new wave of investor confidence.
Even with the downfall of Soul, IC news highlighted that Solana Network It is constantly superior to other networks such as the BNB series in terms of trading volume and deposits. Nowadays, the value of the Sol’s TVL is $ 6.5 billion, providing the network before the BNB series with more than $ 780 million.
Moreover, the non -central exchange volumes (DEX) showed noticeable flexibility as the total closed value (TVL) has reached its highest levels since June 2022. Solana network is currently dominating the Dex share by about 24 %, outperforming the BNB series and basic networks, which control 12 % and 10 % of the Dex market share, respectively.
He should Network growth Follow -up, this may lead to prices for Sol in the coming weeks since the investor’s participation and Defi activities often affect the high -term prices in the short term.
A new area or break for the Sol price
The performance of the Sol network may have improved, but its price is still struggling to restore the rising momentum, causing the main support levels. Technical expert and merchant, Ali Martinez, who is in the work of Altcoin, open New area or break with condensation fluctuation.
Ali Martinez has highlighted that a level of $ 120 is a made or superior area, urging Investors To monitor its next step. This is due to the main trend transformations that occurred in this level in the past.
Data shows from CoinMarketcap it Solana price It has achieved great success, as it decreased to less than $ 100 with a decrease of approximately 18 % in the past 24 hours. Despite this sharp decline, investors show noticeable confidence, and benefit from the last decline as shown by an increase of more than 257 % in the trading volume in the past day.
Distinctive image from Unsplash, Chart from TradingView.com
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