The Solana network and ecosystem are experiencing a resurgence in activity, with network activities surging to new levels.
The Total Value Locked (TVL) on Solana has reached its highest level in nearly 2 years, with a rise of 53.8 million SOL, reflecting increased activity in the network's DeFi protocols and investor confidence.
Despite the bearish performance of SOL's price, the Solana network consistently outperforms other networks like BNB Chain in terms of trading volume and deposits, with a current TVL of $6.5 billion.
The $120 level is considered a make-or-break zone for SOL's price, and investors are closely monitoring its next move as volatility intensifies.