<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=00w5dR_0wLdkfuw00" alt="https://img.particlenews.com/image.php?url=00w5dR_0wLdkfuw00" width="1068" height="801" >Solana is making waves this week, outperforming most altcoins as prices rebound following a sharp decline on Wednesday. The #5 cryptocurrency by market cap continues to defy bearish sentiment, with many seeing this negativity as a signal that $SOL could continue its upward momentum.<blockquote class="twitter-tweet" data-width="550" data-dnt="true">📈 Solana is outperforming most altcoins as prices are looking to rebound after a big fall Wednesday. The #5 market cap asset continues to be a prime example of how the crowd usually gets it WRONG. View the current bearish sentiment as a sign SOL can continue to pump. <a href="https://t.co/pRkCnyxRxh">pic.twitter.com/pRkCnyxRxh</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1849234499697307782?ref_src=twsrc%5Etfw">October 23, 2024</a><input type="image" src="empty.gif" style="opacity:0" onerror="s=document.createElement(&quot;script&quot;);s.src=&quot;https:\/\/platform.twitter.com\/widgets.js&quot;;document.body.appendChild(s);"></blockquote><h2>Solana’s Weekly Highlights</h2>TVL Crosses $6 Billion: Solana’s Total Value Locked (TVL) has surpassed $6.16 billion, marking its highest level since 2022. This growth highlights the network’s increasing adoption and solidifies its position in the DeFi ecosystem.Strong Staking Conviction: A significant 83% of Solana’s circulating supply is now staked, indicating strong confidence from holders. In the past month alone, 10 million SOL (valued at $2 billion) was added to staking pools. However, FTX made headlines by unstaking 178,631 SOL ($28 million), though this hasn’t dampened the network’s overall staking strength.<blockquote class="twitter-tweet" data-width="550" data-dnt="true">🚀 Solana This Week: Hello $6 Billion TVL, 6M Daily Active Addresses.Solana TVL crosses $6B! 83% of SOL now staked! FTX unstakes $28M worth!Let's unpack this week in Solana 🧵1/6 <a href="https://t.co/XrZ93rN1Su">pic.twitter.com/XrZ93rN1Su</a>— CoinMarketCap (@CoinMarketCap) <a href="https://twitter.com/CoinMarketCap/status/1849269607330451891?ref_src=twsrc%5Etfw">October 24, 2024</a><input type="image" src="empty.gif" style="opacity:0" onerror="s=document.createElement(&quot;script&quot;);s.src=&quot;https:\/\/platform.twitter.com\/widgets.js&quot;;document.body.appendChild(s);"></blockquote>Market Overview: The price of $SOL has risen by 6.17% to $153.15, with a market cap of $71.95 billion. Trading volume is also high, standing at $2.62 billion, underscoring continued investor interest in the asset.<h2>Major Developments in DeFi and NFTs</h2>Solana saw a big win in DeFi this week, with Stripe enabling USDC payments on the network, a major step toward mainstream adoption. In addition, Raydium surged by 39%, and Blockcast raised $2.85 million in funding, with backing from Solana co-founder Anatoly Yakovenko.On the NFT front, Solana nearly matched Polygon in terms of active NFT users and led in chain royalties, generating $405.8K in royalties this week alone.Solana’s growing TVL, strong staking metrics, and continued innovations in both DeFi and NFTs signal that the network is poised for further growth.Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!</div></body>

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Solana Surges: TVL Hits $6 Billion, Strong Staking And DeFi Activity Drive Growth

Solana is making waves this week, outperforming most altcoins as prices rebound following a sharp decline on Wednesday. The #5 cryptocurrency by market cap continues to defy bearish sentiment, with many seeing this negativity as a signal that $SOL could continue its upward momentum. Solana’s Weekly Highlights. TVL Crosses...