Solana: What does a 319% real economic value surge mean for SOL prices?
The post Solana: What does a 319% real economic value surge mean for SOL prices? appeared on BitcoinEthereumNews.com.
Solana’s real economic value soared to $819M, reflecting growing validator profitability and increased network activity. SOL price hovers around $202, facing resistance at $211, with strong support at $182 as TVL surpasses $12B. Solana’s[SOL] real economic value, which includes fees and Maximum Extractable Value (MEV), has surged 319% quarter-over-quarter (QoQ), reaching $819 million. This remarkable growth underscores Solana’s increasing network activity and validator profitability. But what does this mean for Solana’s Total Value Locked (TVL) and SOL price trends? Understanding Solana’s real economic value The real economic value metric measures the total revenue generated from network fees and MEV extraction by validators. Analysis of the latest data from Messari highlights that Solana’s network has experienced significant transactional growth, increasing revenue streams for its ecosystem participants. Source: Messari The chart illustrates how Solana’s real economic value has closely tracked its market capitalization throughout 2024. Notably, as Solana’s network activity surged, its economic value spiked, peaking at over $819 million in Q4 2024. This surge aligns with increased on-chain adoption, NFT activity, and DeFi usage within the Solana ecosystem. For example, Solana-based memecoins saw a significant spike in 2024 and now have a market cap of over $12.5 billion. Solana’s TVL growth reflects rising network confidence Solana’s Total Value Locked (TVL) has also exhibited strong upward momentum, driven by heightened DeFi activity. Data from DeFiLlama shows a sharp increase in TVL, crossing the $12 billion mark, a level last seen in early 2022 before the broader crypto downturn. Source: DefiLlama The TVL chart reveals that since mid-2024, Solana has witnessed a consistent capital inflow, with TVL skyrocketing in December 2024. The spike indicates renewed confidence in its DeFi ecosystem as users and liquidity providers return, drawn by lower fees and high transaction throughput. A key takeaway from the TVL surge is its…
Filed under: News - @ February 7, 2025 3:21 am