So, here’s the deal: Solana’s DeFi is having a *party*-near-record highs, right? But SOL? It’s just… not showing up. Typical, right?
- Solana’s DeFi TVL is at $11.725 billion, close to its all-time high from January (so close you can practically taste it!)
- Meanwhile, SOL’s price is still chilling at around $200, nowhere near its January ATH of $294.33. Where’s the love?
- DeFi metrics hint that SOL might keep lagging behind its DeFi ecosystem-just what we needed, right?
On Thursday, August 28, Solana’s DeFi TVL hit $11.725 billion, practically kissing its all-time high from January. And yet, SOL’s price is hanging out at $200, like it’s in no rush to catch up. How charming.
It’s like, look at that-$11.725 billion in DeFi TVL, but SOL’s price is like that guy at a party who stands in the corner just watching everyone else dance. It was $294.33 back in January, and now? *Nada*. What gives?
Why Is SOL Stuck in the Slow Lane?
Well, turns out, the fees on Solana are, shall we say, underwhelming. $1.68 million daily-*yawn*. That’s peanuts compared to January’s record of $28.89 million. Can you say “low fees, low revenue”? Yeah, not great.
Solana’s ecosystem is full of platforms that keep costs low, like DEX aggregators such as Jupiter. High TVL means more liquidity, which means… well, more trading, but not more revenue. Go figure. That’s not really going to make Solana’s price shoot up unless something changes.
So, yeah-SOL is probably going to keep hanging back in the slow lane until the fees start picking up. Until then, it’s just going to keep watching its DeFi ecosystem pass it by, like the kid who missed the bus.
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2025-08-28 22:41