Solana near yearly high after 27% July gain and SOL price ‘double bottom’

Solana liquid staking tokens (LSTs) are increasing SOL onchain activity as TVL crosses $5.5 billion.

Solana (SOL) price is primed to end July with a 30% monthly return and looks poised to challenge its yearly high of around $210 over the next few weeks.

While most of the community attributes SOL’s success to its memecoin euphoria, its robust liquid staking ecosystem is emerging as a strong onchain narrative. Let’s look at how this current trend is developing on the Solana network.

Last week, Cointelegraph highlighted how Solana’s total value locked (TVL) data jumped 10%, reaching $5.42 billion. Consequently, transaction volume increased, and onchain activity rose.

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Solana liquid staking tokens (LSTs) are increasing SOL onchain activity as TVL crosses $5.5 billion.
Solana (SOL) price is primed to end July with a 30% monthly return and looks poised to challenge its yearly high of around $210 over the next few weeks.While most of the community attributes SOL’s success to its memecoin euphoria, its robust liquid staking ecosystem is emerging as a strong onchain narrative. Let’s look at how this current trend is developing on the Solana network.Last week, Cointelegraph highlighted how Solana’s total value locked (TVL) data jumped 10%, reaching $5.42 billion. Consequently, transaction volume increased, and onchain activity rose. Read more