SOL Token Surges 2.68% as TVL Hits $12.27B and Daily Active Addresses Top 1.2 Million

Solana (SOLUSDT) has seen a 2.68% price increase over the last 24 hours, rising from a 24h open of 215.82 to a current price of 221.60 on Binance. This upward movement is primarily attributed to strong network fundamentals, including a record high total value locked (TVL) of $12.27 billion and over 1.2 million daily active addresses, as well as heightened market activity reflected in open interest for Solana perpetual futures exceeding 7 billion USDT. Robust trading volume, reported between $8.8 billion and $9.4 billion, and a surge in memecoin ecosystem activity have further contributed to positive sentiment and increased demand. Solana’s market capitalization stands at approximately $120 billion, with a circulating supply of 542 million SOL, and the asset continues to outperform the broader cryptocurrency market in terms of recent gains and trading activity.