Trump’s Memecoin Launch Boosts Solana’s TVL to New High
- Solana’s total value locked (TVL) surpassed $12 billion, reaching a new all-time high.
- The memecoin $TRUMP, associated with Donald Trump, contributed to a 23% rise in Solana’s price.
- Measured in SOL, the network’s value locked topped 45 million SOL, a level last seen in August 2022.
- The memecoin is the third-largest by market capitalization after Shiba Inu and Dogecoin.
- A trading frenzy on decentralized exchanges resulted in Raydium surpassing Tether in fee generation.
The launch of Donald Trump’s official memecoin on Solana has significantly increased the network’s total value locked (TVL), now at $12 billion. This surge follows a price increase of over 23% for Solana since the announcement of the memecoin.
Source (2.6)https://www.coindesk.com/markets/2025/01/19/solana-s-tvl-crosses-10-b-for-first-time-since-ftx-collapse-after-trump-memecoin-launch?rand=52298
