Trended at #12 in
Puerto Rico
Was trending 2 days 7 hours ago
About This Trend
Solana (SOL) is a decentralized financial protocol.
According to Globe Newswire, DeFi Development Corp. has amassed a treasury of nearly 1 million SOL, and raised $19 million from an equity line of credit. This has boosted the Solana market cap past $100 billion. Additionally, DeFi TVL (total value locked) has also spiked, reaching the highest level recorded since January. The Solana DeFi ecosystem's renewed interest and growth can be attributed to DeFi Development Corp.'s adoption of a treasury policy, which actively participates in the growth of the Solana network. According to Cryptorank.io, Solana's DeFi ecosystem has experienced a surge in activity.