As of October 22, the total value locked (TVL) in the Solana network has significantly increased, reaching 6.43 billion dollars. This is the highest level since January 2022.

Rise of TVL in Solana

According to DefiLlama data, this development is considered a sign of substantial activity within the Solana network. The daily trading volume is noteworthy, standing at 2.41 billion dollars, and the number of active addresses has risen to 7,620, indicating increased user interest, with new inflows of 491 million dollars into the network.

SOL's Rise in the Crypto Market

The rise within the Solana ecosystem is not limited to TVL. The price of SOL, the network’s main asset, has surged more than 7% over the past week, nearing 166 dollars. The altcoin’s market cap has reached 77.84 billion dollars. SOL stands as the 5th largest asset in the cryptocurrency market and the 4th largest in the altcoin market. However, SOL is currently priced at 36.18% below its all-time high of 260.06 dollars, achieved on November 7, 2021.

Potential of Solana Network in the Future

All these figures indicate that Solana may be poised to occupy an even stronger position in the cryptocurrency market in the future, and investors are closely monitoring these signals.

These current figures confirm Solana's potential in the cryptocurrency industry. The increase in TVL and user engagement are positive signals for the network's future.