Main meals:
-
TVL of Solana has exceeded $ 10.9 billion in the entire ethereum layer-2.
-
Solana revenues increased for 30 days ($ 43.4 million) by 109 % compared to the previous month.
-
The financing rate of 8 % of Sol appears to order a good bull.
The original Solana Sol code (Teller(24.8 % increased between May 6 and May 10, following the broader Altcoin market after the outbreak of Bitcoin above $ 100,000. Since then, Sol has struggled to stay over $ 180, but the derivatives and Onchain data still indicate that more gains are in the store.
While Solana classifies the fifth largest encrypted currency depending on the market value, the Solana Network is the leader of the leader in the main onhaIn measures, including the total closed value (TVL).
The total value of Solana exceeds $ 10.9 billion (TVL) ETAREUM Layer 2 ecosystemWhich includes the rule, definition, and collapse. Even the BNB series, which is smoothly integrated with Binance and Trust Wallet, cannot match the Solana numbers. The 30 -day prominent increases include Solana Raydium Dex, an increase of 78 %, Jito Liquid The solution, with an increase of 41 %, and water, which gained 56 %.
High fees revenue enhances the demand for Seoul and its momentum
Getting for traction in decentralized financing (Defi) does not always translate into demand for the original symbol, because some networks have very low fees. For example, over the last period of 30 days, ETHEREUM network achieved only $ 24.9 million of basic layer fees, while TON received $ 51.9 million, and Solana’s total reached $ 43.3 million, according to Devillama.
Solana DAPS series revenues and fees have shown steady growth over the past four weeks. The latest numbers approach their highest levels in three months, which is very positive for Sol, because it pays the request. With 65 % of the Sol supplies involved in stokeing, this dynamic also supports upward prices.
Related to: Solana’s co -founder proposes the definition series to repair Blockchain retail
To measure whether traders have become more optimistic about Sol prices, it is useful to consider demand demand. A positive financing rate means that long positions (buyers) pay to keep their deals open.
Currently, Sol Perpetual Future Funding rate It is 8 %, which is within the neutral range from 5 % to 10 % based on the cost of capital. However, Sol trading continues by 40 % less than its highest level ever at $ 295 from January 19, there is no little reason for excessive optimism yet. However, the growing activity on the Solana network indicates that Sol can reach $ 200 soon, and may exceed its competitors.
The precise catalyst that can pay the Sol price remains uncertain, but the possibilities include potential approval on a Solana Solana (ETF) in the United States, as well Strategic reserves. In addition, some analysts are optimistic about the symbol of traditional assets on Solana, which may open an additional value for Sol.
This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
publish_date
