SOL is up and memes are back

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

What a beautiful Wednesday. The sun is shining, the flowers are in bloom, and SOL (for a moment at least) was back above $180. How sweet it is.

After lagging behind its own fundamentals for months, Solana’s markets are finally playing catch-up. We’ve had a roughly 21% rally so far this week, with the asset reclaiming territory not seen since Q1, following a sudden spike in retail risk appetite.

Solana’s total value locked (TVL) is up 52% month over month, now at $9.5 billion — about 23% short of its all-time high.

Data from deBridge shows that about $27.9 million has moved from…

Read more on Blockworks

78.8K Reads