Solana Rushes to 10 Billion TVL, Can It Break the Congestion Curse?
The activity in the Solana ecosystem is warming up, with TVL soaring to 9.4 billion USD, not far from the 10 billion peak in January this year. The inflow of stablecoins, the popularity of DeFi and meme coins are driving funds into the ecosystem, with liquidity in protocols like Raydium and Jupiter surging, and the price of SOL looking bullish, a short-term surge to 200 USD is imminent.
However, the congestion issue remains a stumbling block: transaction failure rates have soared, withdrawals have been frozen, and user experience has significantly declined, with network stability still needing to be tested. Solaxy's Layer-2 solution provides an answer by alleviating pressure through off-chain transaction processing, and with staking APY as high as 101%, it injects new vitality into the Solana ecosystem.
The positive aspect is that the recovery in liquidity and technical upgrades signal an ecosystem revival, while the downside is that the risk of congestion and the restoration of user trust will still require time. Whether Solana can recreate its glory hinges on whether it can completely resolve network bottlenecks and usher in true sustainable development.
