{"id":85232,"date":"2023-10-02T13:38:30","date_gmt":"2023-10-02T10:38:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85232"},"modified":"2025-09-12T22:02:57","modified_gmt":"2025-09-12T19:02:57","slug":"solanas-tvl-hits-a-yearly-high","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/solanas-tvl-hits-a-yearly-high\/","title":{"rendered":"Solana’s TVL hits a yearly high"},"content":{"rendered":"

On October 2, the Solana blockchain’s total value locked (TVL) rose above $339 million \u2014 the highest figure since November 2022.<\/p>\n

\"Solana
Solana TVL. Data: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

In the last 24 hours, the network’s TVL rose by 4.15%. The biggest gains were posted by the lending service Mango Markets (28%), DEX FluxBeam (20%), and the lending protocol Oxygen (15%).<\/p>\n

However, current levels are still far from the historic highs of November 2021, when the ecosystem’s TVL approached nearly $10 billion.<\/p>\n

Over the past week, the SOL token rose by 24%, according to CoinGecko<\/a>. At the time of writing, the coin was trading at $24.13, up 10.7% in 24 hours.<\/p>\n

\"Solana
15-minute chart of SOL\/USDT on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

The asset’s market capitalization is about $9.95 billion with a daily trading volume of $920 million. The SOL price is also far from its $259 peak during the previous bull cycle.<\/p>\n

Analysts also have concerns<\/a> about the trajectory of the asset’s price after the sale of assets from the collapsed FTX<\/a> worth $3.4 billion. The exchange was the largest holder of SOL tokens at $1.16 billion.<\/p>\n

In August, the number of daily Solana users fell to 204,000 \u2014 the lowest since on-chain data tracking began in late 2020.<\/p>\n

Earlier, the Elusiv team added<\/a> a confidential token-swap feature to its eponymous Solana app. The solution enables swapping assets without revealing information about the public wallet address on the blockchain.<\/p>\n

In July, Solana co-founder Anatoly Yakovenko allowed<\/a> the use of Ethereum as a Layer-2 solution<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

On October 2, the Solana blockchain’s total value locked (TVL) rose above $339 million \u2014 the highest reading since November 2022.<\/p>\n","protected":false},"author":1,"featured_media":85233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1268,1159],"class_list":["post-85232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-on-chain-analysis","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85232"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85232\/revisions"}],"predecessor-version":[{"id":85234,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85232\/revisions\/85234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85233"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}