Solana ( $SOL ) has been experiencing notable growth, driven by several key factors:
1. Government Initiatives: Former President Donald Trump announced the creation of a U.S. "crypto reserve," including assets like Solana, which has boosted investor confidence.
2. Increased Network Activity: The number of daily active users on Solana has consistently remained above 5 million, indicating robust engagement.
3. Decentralized Finance (DeFi) Expansion: The total value locked in Solana's DeFi protocols has reached approximately $7.9 billion, reflecting increased investor participation.
These developments underscore Solana's strengthening position in the cryptocurrency market.