The Defi-Ecosystem of Solana has seen explosive growth, which is approaching almost high levels, but SOL lags behind.
Summary
- Solana’s Defi TVL is $ 11,725 billion, almost all time in January
- Despite that, the Sol Price is left behind, far from the ATH in January
- Defi -statistics suggest that SOL can remain with the Defi -Ecosystem
Solana (SOL) attracts almost record amounts, but the price lags behind. The total Defi value was locked on Solana on Thursday 28 August reached $ 11,725 billionNear the record figures in January. At the same time, the total market capitalization of Stablecoin was $ 12 billion, while the bridged TVL was $ 42 billion.
Despite strong statistics, the price of SOL still fluctuates around $ 200, far below the January for $ 294.33. At the time, Solana’s Defi TVL was near the current AugustusPiek, which suggests that Defi TVL and the prize started to vary.
Why Sol Price is left with its Defi Ecosystem
At the same time, the reimbursements that are generated on Solana remain daily on a relatively modest $ 1.68 million. This is far from the record of $ 28.89 million in January. Low income on the chain is the likely reason why SOL lags behind the growth of his defi-ecosystem.
Currently, much of the ecosystem activity of Solana is due to platforms that give priority to low costs. This includes DEX -Aaggregators such as Jupiter, who is responsible for many of the trading activities on Solana. For these protocols, High TVL is the same as higher liquidity and better trade conditions.
Yet this does not translate into higher income for the Solana network, which is one of the most important statistics for the price performance of Solana. Higher income translates into higher rewards, making Solana more valuable. Due to the profit in efficiency, SOL will probably remain at the Defi TVL, at least until the reimbursements are collected.
