Solana’s ecosystem has gained attention due to TVL (Total Value Locked) growth, but how much does it drive SOL’s price? Let’s analyze with data. As of March 11, 2025, Solana’s TVL has surged, rising from ~$1B early 2024 to over $5B (per DefiLlama), fueled by DeFi, NFTs, and meme coin activity.
TVL growth often correlates with user activity and capital inflow. In March 2024, with daily volume exceeding $3.6B and TVL at $4.9B, SOL climbed from $135 to nearly $200 (CryptoNews). If TVL hits $10B in 2025, increased liquidity could absorb selling pressure and attract institutional funds, boosting SOL. Historically, every $1B TVL increase lifted SOL by $20-30 (2023-2024 data).