Lately, the blockchain Solana has been demonstrating a noticeable recovery following a period of correction, with the price of its native token SOL surpassing the $110 mark. This growth appears to be driven by increased interest in DeFi projects on the Solana platform, including projects like Jito, Kamino, and Blazestake, which has led to increased demand for SOL and consequently an increase in its value.

The total value locked (TVL) on the Solana platform, reflecting the overall amount of crypto assets deposited in decentralized financial protocols, has grown by $500 million over the last 16 days, reaching $1.95 billion. However, the current TVL figure is still 80% below its peak of almost $10 billion, recorded during the bull market of 2021.

By the end of 2023, SOL showed impressive growth despite forecasts of its possible decline following the crash of FTX. According to technical analysis, if the price holds above the $110 mark, it may indicate the potential for further growth with target marks of $120 and $140.