Recently, the Solana (SOL) ecosystem has witnessed many important events and developments:
1. Trading volume on decentralized exchanges (DEX) increased sharply:
During the week ending February 16, 2025, DEXs on Solana recorded approximately $20.2 billion in trading volume, marking the fifth consecutive week of high volume.
2. Increased bridge activity:
The total volume of assets transferred into Solana via bridges has surpassed $10.1 billion, up 114% year-over-year. Wormhole, in particular, is the most popular bridge, handling $7.3 billion of this total.
3. Expansion of Virtuals Protocol:
Virtuals Protocol, an AI agent platform on Ethereum layer-2, has announced its expansion into the Solana ecosystem. This move aims to drive innovation and establish strategic reserves in SOL.
4. Total Value Locked (TVL) Growth:
In 2024, Solana recorded a TVL of 8.6 billion USD, an increase of 486% compared to the previous year. This growth helped Solana surpass Tron, becoming the second blockchain by TVL.
5. Current market value of SOL:
Currently, the price of SOL is 181.84 USD, down 11.71 USD (equivalent to 0.0605%) from the previous closing. The daily high is 193.77 USD and the low is 181.05 USD.
These developments indicate that the Solana ecosystem is expanding and attracting significant interest from the blockchain and decentralized finance community.
