Solana's Total Deposit Limit (TVL) Surpasses $10.9 Billion, Ethereum Layer 2 Ecosystem
Outperforming the system as a whole, 30-day benchmark fee revenue was reported to have increased 109% month-on-month to $43.4 million. In addition, the funding ratio of 8% indicates healthy leverage demand from buyers.
SOL surged 24.8% in the four days from the 6th to the 10th, reflecting the rally that occurred in the altcoin market in general after Bitcoin surpassed $100,000.
Since then, SOL has struggled to maintain a price above $180, but derivatives and on-chain data suggest the potential for further gains remains strong.
Solana, currently the fifth-largest cryptocurrency by market capitalization, continues to lead the major on-chain metrics. Solana’s total assets of $10.9 billion are the largest in Ethereum.
It has surpassed the entire Layer 2 ecosystem of the blockchain (Base, Abitrum, Optimism) combined, and even BNB Chain, which is linked to Binance and Trust Wallet, has caught up.
Looking at the 30-day TVL growth rate of major DeFi projects, RadiumDEX increased by 78%, ZEETstaking increased by 41%, and Marinade increased by 56%.
Increased activity in the DeFi space doesn't necessarily translate into demand for native tokens, as some networks have low fees.
In the last 30 days, Ethereum’s Layer 1 fees were $24.9 million, Tron’s $51.9 million, and Solana’s $43.3 million. This is due to the fact that Solana’s DApp and network
This shows that fee income is steadily increasing. Meanwhile, as of 1:30 p.m. on the 14th, Solana was up 7.23% and 7.7% on the cryptocurrency marketplace CoinMarketCap compared to 24 hours ago.
It is trading at $180.9, up 23.67% from the previous day.
2025/05/14 14:32 KST
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