Recent doubts raised by DefiLlama concerning Solana's reported TVL of $12 billion have attracted attention from key financial sector participants and institutional investors, altering the DeFi landscape.
Challenge to Solana's TVL Claim
The fintech company Figure reported that Solana's total TVL exceeds $12 billion; however, this figure has been disputed by DefiLlama. No substantial statements have been made by executives to clarify this figure, leading to active market debates.
Impact of Institutional Investors
According to reports, institutional investors are beginning to accumulate SOL actively. For example, Galaxy Digital acquired over 2.16 million SOL worth around $486 million. These actions align with the questioned TVL figure, prompting further analytical scrutiny.
Potential Market Implications
Solana's current TVL peak exceeds previous all-time highs noted in 2021, highlighting Solana's evolving market presence. This dynamic may lead to volatility in DeFi, which could in turn influence asset stability. Long-term strategies might be reconsidered based on ongoing historical asset flows and institutional involvement.
The current situation regarding Solana's TVL and the increase in institutional investor interest reflects a high level of uncertainty in the DeFi market, necessitating careful analysis.
