Money that briefly passes through a platform says one thing about that platform’s value, but money that settles in and gets to work says something very different, and far more bullish, about both user conviction and the platform’s future cash flows.
On that note, more capital has decided that Solana‘s (CRYPTO: SOL) smart contracts and ecosystem projects are precisely where it belongs. Per data from crypto data provider Token Terminal, the chain’s ecosystem total value locked (TVL) is up by 198% over the last 12 months, reaching $38.5 billion. If you are wondering whether that strength says anything about where the coin’s price could go next, it likely does, so let’s investigate what’s going on here in more detail.
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