How Did Solana’s TVL Reach $10 Billion and What Does It Mean for Crypto?

Solna Blockchain

What led to Solana’s total value locked (TVL) crossing $10 billion for the first time since the FTX collapse? The answer might surprise you: a memecoin tied to U.S. President Donald Trump.

Known as $TRUMP, this memecoin has drawn significant attention and trading activity, creating a surge in Solana’s network activity, increasing its value locked, and sparking excitement across the cryptocurrency space.

When Donald Trump’s team announced the launch of $TRUMP on Solana, it triggered a chain reaction. For starters, the memecoin gave Solana’s native cryptocurrency, SOL, a strong boost, with its price jumping more than 23%.

This surge wasn’t just about the coin’s value—more people began trading, locking up funds, and using Solana’s decentralized applications.

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That activity pushed the total dollar value locked on Solana to new heights, hitting $12 billion according to recent data.

Why Does $TRUMP’s Network Choice Matter?

Choosing Solana wasn’t random. Solana is known for its fast transaction speeds and relatively low fees compared to other major blockchains.

By selecting Solana, Trump’s affiliated organizations—CIC Digital LLC and Fight Fight Fight LLC—brought new attention and credibility to the network.

With 80% of the memecoin’s supply set to roll out gradually over the next three years, this project has a long-term footprint on Solana’s ecosystem.

How Did the Launch Affect Trading Activity?

SOL price

The $TRUMP launch fueled a trading frenzy. Solana’s decentralized exchanges saw significant increases in volume. For example, Raydium, one of Solana’s prominent trading platforms, surpassed Tether in daily fee generation.

Meanwhile, Moonshot, a memecoin trading platform featured on $TRUMP’s official website, reported $400 million in trading volume in just 12 hours.

During this time, over 200,000 new users joined the Solana network, a remarkable influx that further reinforced the network’s growth.

What Does This Mean for Solana’s Future?

This surge in activity isn’t just a short-term boost. It suggests that Solana might be on a new growth trajectory. Consider the context: Solana’s TVL, measured in its native SOL, had been steadily increasing, reaching levels not seen since mid-2022—long before FTX’s collapse shook the crypto industry.

This recent rise demonstrates renewed confidence in Solana’s ability to handle large-scale projects and growing user interest.

Interestingly, the buzz around $TRUMP and the increase in TVL have also influenced the broader market’s expectations for a Solana-based exchange-traded fund (ETF). Traders now see a higher probability that a spot Solana ETF could launch by midyear.

If such an ETF were introduced, it would open the doors for traditional investors to gain exposure to Solana’s ecosystem, potentially driving even more interest and adoption.

What Does This Mean for Crypto Regulation?

Beyond the numbers, $TRUMP’s launch may also signal a shift in the U.S. government’s attitude toward cryptocurrency.

With a high-profile figure such as the President engaging with a Solana-based memecoin, it adds a layer of legitimacy to the blockchain industry. This could pave the way for more open policies and support for innovation in the cryptocurrency space.

Final Thoughts

The success of $TRUMP’s launch shows how a single project can reignite interest in a blockchain platform.

For users, it means more opportunities to explore Solana’s ecosystem, whether through decentralized exchanges, innovative applications, or new tokens. For the network itself, it’s a chance to solidify its standing in the blockchain space and attract further investment and development.

As you watch Solana’s TVL continue to grow, one key question remains: can this momentum sustain over the long term, or is it just a temporary spike? Time will tell, but for now, Solana is in the spotlight, and its community has reason to be optimistic about the future.

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