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$6.7B TVL surge marks Solana’s growing dominance in DeFi Oluwapelumi Adejumo · 2 hours ago

Alpha Insights DeFi Solana

$6.7B TVL surge marks Solana’s growing dominance in DeFi

Solana processes 44.5 million daily transactions, far surpassing other L1 blockchains.

Oluwapelumi Adejumo / @hardeyjumoh / Nov. 6, 2024 at 3:47 pm UTC

As Solana sprints ahead of its rivals with an 11% price jump, crypto enthusiasts are turning their attention to its explosive DeFi growth and unrivaled transaction volume. Surpassing the average blockchain's daily transactions by nearly tenfold, Solana is not just riding the current market wave—it's carving its own path. But it's the impressive surge in revenue from transaction fees that has analysts reevaluating its market potential. What’s driving this new revenue powerhouse, and what does it mean for Solana’s future? Discover the insights...

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