The native cryptocurrency of Solana, SOL, has experienced a meteoric rise, reaching $150 for the first time since January 2022. This surge was catalyzed by Pantera Capital’s announcement to acquire $250 million worth of SOL tokens from the FTX bankruptcy.
L’activité des DEX de Solana en hausse
Regardless of Pantera Capital’s proposal acceptance, it only represents a fraction of the 5.9 billion dollars worth of SOL tokens held by the FTX group, which is nearly 10% of the supply. Thus, the bullish momentum is also fueled by other factors, such as the craze for Solana’s memecoins SPL, which dominated in terms of volume and performance on March 6, drawing attention to the Solana network and boosting demand for SOL tokens and the use of its DEX ecosystem.
The key to this enthusiasm lies in Solana’s ability to continue attracting new protocols and use cases. DEX activity on Solana has significantly surpassed levels prior to the FTX-Alameda Research crash in November 2022, signaling network expansion in terms of deposits and volumes.
Une concurrence acharnée dans l’industrie
Total smart contract deposits on the Solana network, measured by Total Value Locked (TVL), reached a 16-month high on March 6, marking a 33% increase from the previous month.
In comparison, Solana’s DApps volume surged by 311% over the past 30 days, far outpacing the growth of its competitors, although there remains a significant gap in absolute volumes compared to rivals such as Arbitrum and the BNB Chain.
