Network Metrics Support Case for $300 as TVL Grows 58%
The post Network Metrics Support Case for $300 as TVL Grows 58% appeared on BitcoinEthereumNews.com.
TLDR SOL has hit the $180 short-term target predicted in earlier analyses Solana meme coins have more than doubled in value in the past month, now worth $14.7 billion Weekly DEX trading volumes reached $35.6 billion, the highest in over two months Total Value Locked (TVL) on Solana increased 58% in 30 days, reaching $22.1 billion Technical indicators suggest SOL could reach $300 in the next three months if historical patterns repeat Solana’s price has been on a remarkable upward trajectory, hitting the previously predicted $180 target as ecosystem activity shows robust growth across multiple metrics. The price surge comes alongside growing momentum in the network’s popular meme coins and strengthening on-chain metrics. The combined value of Solana meme coins has grown to $14.7 billion in just one month. This represents more than a fifth of the entire meme coin market capitalization according to CoinMarketCap data. Popular tokens within the ecosystem such as Pudgy Penguins (PENGU) and Bonk (BONK) have posted strong gains. Other exotic tokens like Fartcoin (FARTCOIN) and Popcat (POPCAT) have also helped propel the network’s growth. Celebrity-endorsed tokens including Official Trump (TRUMP) have contributed to improvements in Solana’s on-chain metrics. Network Activity Reaches New Heights The ecosystem’s total value locked (TVL) measured in SOL has increased from 45.15 million at the start of the year to 52.78 million currently, marking a 16.9% rise. When measured in dollar terms, the TVL growth is even more pronounced. Data from DeFiLlama shows a 58% increase over the last 30 days, jumping from $13.9 billion to $22.1 billion. Weekly trading volumes on Solana decentralized exchanges have reached their highest levels since mid-February. The latest figures show $35.6 billion in weekly DEX volume. Solana Price on CoinGecko This surge in trading activity has boosted protocol revenue to $25.9 million according to Blockworks…
Filed under: News - @ May 13, 2025 4:28 pm