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Summary

Solana achieved its highest-ever trading volume of $3.793 billion, while its DeFi total value locked surged by 122% to reach $4.72 billion, positioning itself as a strong competitor amidst downward trends in Bitcoin and Ethereum.

Introduction

Solana has recently experienced a surge in trading volume and DeFi total value locked, surpassing major cryptocurrencies like Ethereum. This growth has solidified Solana’s position as a top contender for bullish momentum in the crypto market.

Main Points

On March 15th, Solana set a record-breaking trading volume of $3.793 billion, surpassing Ethereum for two consecutive days. The DeFi total value locked on Solana surged by over 122% in just a month, reaching $4.214 billion. Solana’s native cryptocurrency, SOL, has seen an 800% price increase over the past year, currently trading at $203 with a market cap of $90 billion, claiming the fourth position in the market.

Conclusion

Solana’s remarkable growth in trading volume and DeFi total value locked highlights its increasing popularity and market dominance. With its ongoing surge in price and market cap, Solana continues to attract investors and traders seeking profitable opportunities in the crypto space.

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