TL;DR
- Solana’s Growth: Solana’s Total Value Locked (TVL) surges to $465 million, a significant increase from $300 million in early October, indicating strong growth in its DeFi sector.
- SOL Price Surge: The SOL token price jumps over 114%, from $21 to over $45, showing substantial market appreciation but still remains 80% below its all-time high of $260.
- Community Resilience: Despite concerns over FTX token sales, Solana shows a robust 300% growth this year, underscoring the importance of community support in crypto ecosystems.
Many coins and tokens in the decentralized finance (DeFi) sector are blowing up while their respective networks and projects see the value locked in them explode in growth. Solana has had both, as its Total Value Locked (TVL) and SOL’s price reached a new ATH this Thursday.
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