Solana’s Rising TVL and Fees Suggest Potential Pathway for SOL Price to Reach $200
The post Solana’s Rising TVL and Fees Suggest Potential Pathway for SOL Price to Reach $200 appeared on BitcoinEthereumNews.com.
Solana is experiencing a significant surge in Total Value Locked (TVL) and fee revenue, indicating strong potential for its native token, SOL, to rally to $200. The network’s TVL has reached an impressive $10.9 billion, surpassing the combined TVL of the entire Ethereum layer-2 ecosystem, showcasing Solana’s growing dominance. A statement from COINOTAG highlights that Solana’s 30-day fee revenue has skyrocketed by 109%, highlighting a robust increase in trading activity. Solana’s TVL and fee revenue show robust growth, indicating a potential rally for SOL towards $200 as the network gains dominance in the DeFi space. Solana’s TVL Surpassing Ethereum Layer-2 Ecosystem Solana has emerged as a trendsetter in the decentralized finance (DeFi) landscape, setting a benchmark with its Total Value Locked (TVL) of $10.9 billion. This surpasses the entire Ethereum layer-2 ecosystem, which includes platforms like Base, Arbitrum, and Avalanche. While Ethereum has been the market leader, Solana’s impressive growth in TVL signals a shift in investor sentiment and network activity. For context, the significant increases in TVL can be attributed to platforms such as Raydium DEX, which has gained 78%, and Marinade, with an increase of 56% over the last 30 days. Exploring Solana’s Rapid Fee Revenue Growth As Solana gains traction in the DeFi space, its fee revenue—$43.4 million for the last month—has seen a remarkable increase of 109% compared to the previous month, positioning Solana ahead even of established networks like Ethereum, which generated only $24.9 million in daily fees. The robust fee revenue is pivotal as it not only enhances liquidity in the ecosystem but also reflects a growing demand for SOL. With 65% of SOL’s supply staked, this liquidity encourages bullish sentiment around the token, potentially boosting its price further as demand continues to rise. Understanding the Impact of Leverage Demand on SOL Pricing Leverage…
Filed under: News - @ May 14, 2025 12:28 am