SOL Surges 3.5% as TVL Hits $9.44B and DeFi Activity Reaches New Highs

Solana (SOL) is currently trading at $176.33 on Binance, reflecting a 3.52% increase over the past 24 hours, with a 24-hour opening price of $170.34 and trading volumes exceeding $3 billion. The recent price uptick is attributed to strong bullish momentum driven by significant ecosystem growth, including a 54% rise in total value locked (TVL) to $9.44 billion, increased institutional and retail interest, and notable on-chain activity such as a new wallet withdrawing and staking over $1.6 million in SOL. Positive sentiment is further supported by expanding DeFi applications and record stablecoin issuance on the Solana blockchain, positioning SOL as the second-largest blockchain by TVL and fueling continued investor confidence.