$SOL Transactions on the Solana chain remain active with large volumes from applications like Jupiter, Raydium, and trending meme coins like Bonk and Dogwifhat. According to data from Messari, the total value locked (TVL) on Solana has reached nearly $5.2 billion, a 15% increase over the past month, indicating that capital continues to flow strongly into this platform.

Solana is also benefiting from a new airdrop trend, with many new projects choosing to deploy on this network due to its high speed and scalability. The community anticipates the Firedancer event – an independent validator developed by Jump Crypto – will launch in the next quarter, further enhancing the reliability and decentralization of the Solana ecosystem.