Solana hits new all-time highs in both TVL and DEX volume after the explosive debut of TRUMP and MELANIA on the crypto market.
According to data from DeFi Llama, the Solana (SOL) network’s total value locked reached a new all-time high of more than $12 billion on Jan. 19. This is the first time Solana’s TVL has crossed the $10 billion threshold since November 2022.
Not only that, Solana’s DEX volume also reached back-to-back all-time highs over the weekend. Solana’s DEX volume reached $28.2 billion on Jan. 18 and $39.2 billion on Jan. 19. On the DEX volume rankings, Solana has taken the top spot, surging by a whopping 320% in the past week.
At the time of writing, Solana’s price has gone down by nearly 8% to $238.47 in the past 24 hours of trading. However, on Jan. 19 the token reached as high as $261.78.
Solana’s TVL surge amounted to over $12 billion, signifying a nearly 50% increase over the…
