Solana Witnesses a Noteworthy Surge in Total Value Locked | Headlines | News | CoinMarketCap

10/02/2023 18:31
Solana Witnesses a Noteworthy Surge in Total Value Locked | Headlines | News | CoinMarketCap

Solana has observed a significant surge in its Total Value Locked (TVL), reaching almost $340 million this Monday, according to data from Defi …

Solana has observed a significant surge in its Total Value Locked (TVL), reaching almost $340 million this Monday, according to data from Defi Llama. 

The past 24 hours witnessed a more than 4% increase in Solana's TVL. Solana’s native token, SOL, has also experienced an excellent week, marking a 29% increase since its lowest point in September.

SOL benefitted really well from yesterday’s news that a U.S. government shutdown had been averted. As much as a 14% increase in price was seen on Sunday, and at $24.20 SOL is consolidating at resistance.

The recent recovery is certainly a boon for holders of SOL. However, still to come is the potential impact on SOL's price following the approval for the FTX estate to liquidate its crypto holdings. 

According to a report in Decrypt, …

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