Solana shows clear signs of accumulation and growing investor confidence, with significant movements in the DeFi market and token flows out of the exchanges.
TVL of Solana DeFi almost at 10 billion, with a boom in on-chain activity
In recent months, Solana has experienced a significant decrease in its reserves on exchanges. In May, more than 2.2 million SOL left the exchanges, with a drop from about 33 million to just over 30.8 million tokens stored.
This net outflow represents a clear signal of accumulation: investors are transferring their SOL to cold wallets or DeFi protocols, indicating an increase in their confidence in the project and preparing for a possible future market growth.
The dynamic of the outflows is associated with a phase of relative strength in prices. SOL has remained close to multi-month highs, hovering between 180 and 190 dollars.
Historically, similar outflows from exchange anticipate bull movements, as tokens removed from commercial availability suggest long-term strategies.
The DeFi sector on Solana is experiencing strong growth. The total value locked (TVL) in the system has reached 9.45 billion dollars, with an increase of 2.3% in the last 24 hours. This data confirms how the DeFi ecosystem of the network continues to strengthen and attract capital.
In addition to the TVL, the liquidity on the network is supported by over 11.5 billion dollars in stablecoins and a daily volume on the DEX equal to 2.1 billion dollars.
These parameters highlight a deep liquidity and a significant decentralized trading activity on Solana, a fundamental element for the health of the network.
On-chain activity shows further positive aspects: over 4.34 million active addresses and revenues for decentralized applications (dApp) of about 3.44 million dollars in the last 24 hours provide a picture of organic engagement and growing user interest.
These numbers are accompanied by increasingly significant token incentives, suggesting that Solana’s DeFi market is really heating up, with prospects for further development.
Derivatives on Solana: balanced optimism without excesses
The derivatives market also tells a story of cautious optimism. The aggregate funding rate of Futures positions on SOL is in a moderately positive range, around 0.0015.
This value indicates a slight bull inclination among traders without excessive leverage, an element that confirms a balanced and not overcrowded market.
In parallel, the Open Interest remains stable, around 3.88 billion dollars, slightly lower than the recent highs.
The stability of this indicator signals continuity in the participation of operators, without excesses of speculation that could suggest an irrational or volatile movement.
As a result, the rally of Solana appears supported by a solid conviction of investors, rather than by pump-and-dump phenomena or excessively speculative trading.
Organic growth and horizons of Solana: an evolving ecosystem
Overall, Solana positions itself as a healthy blockchain, with clear signs of accumulation by investors, strong expansion of its DeFi sector, and balanced participation in the derivatives market.
The outflows from the exchanges are a key indicator: they show that the holders are looking at the long term, while the TVL and the on-chain activity data testify to an ecosystem in full growth.
Furthermore, the stability of the Futures markets suggests that the bullish momentum is not the result of speculative bubbles but of a genuine and convinced interest in Solana.
This dynamic creates fertile ground for future developments and adoptions, especially in a rapidly evolving financial context.
Investors and enthusiasts should continue to monitor the progress of on-chain metrics and the trend of DeFi activities, to promptly seize new opportunities and understand how Solana will move during 2025.
The network, in fact, seems ready to consolidate its position in the landscape of the most solid and innovative blockchain projects.
Solana thus confirms its role as a protagonist in the decentralized financial sector, with a trend that combines solidity and constant growth.
Consequently, maintaining focus on investor behavior, trading volumes, and the overall health of the ecosystem will be essential to understand when and how SOL will scale new levels of success.