Solana’s SOL token jumps to $72 amid declining TVL and DEX volumes
Solana’s native token SOL rebounded to $72, driven by growth in tokenized stock trading.
The tokenized stock trading volume on Solana reached $113 million in 24 hours.
However, the Total Value Locked on the Solana network dropped 11% over the past month, raising concerns about the token’s short-term upside.
The decline in TVL and low DEX volumes point to weakening momentum for SOL, despite its recent rebound