Solana reaches a record high at TVL on defi protocols, during the SOL price increases

Solana reaches a record high at TVL on defi protocols, during the SOL price increases

Solana-the rapidly growing public blockchain platform-has reached an all-time high at TVL with its defi protocols. This is done in the middle of a booming cryptocurrency market in which old coins begin to win back market shares.

According to Defi Llama, the TVL in defi is on Solana on October 21, a new record of $ 12.7 billion. Since then it has decreased to around $ 12.34 billion at the time of writing.

This is a larger volume than the TVL record of $ 12.2 billion on September 12th. The previous highlight followed an exponential increase in defect use on Solana in late summer. Before August, the Solana defi protocols rarely exceeded $ 1.5 billion to TVL. The rapidly growing interest in Marinade Finance (Mnde; a Liquid Staking Protocol on Solana) is largely responsible for the increasing volume. The protocol recorded an increase in TVL by 69 % last week and is now one of the four projects with the highest liquidity.
only Sunny (Sunny), Radium (Ray) and Saber (SBR)-the last two have a TVL of $ 1.77 billion. According to Solana, the price has also increased this week Münzgecko . The token is now traded at $ 185 - an increase of 24% since last week. Today he even reached almost $ 200, but the market-wide correction has driven him south until now.
Solana's climb was with a In the entire cryptom market in the last few days, which only exceeds $ 2.6 trillion. After Bitcoin reached his all -time high yesterday, his price increase slowed down because old coins like Solana began to win over the ground.