Trump’s Memecoin Ignites Solana’s Market Surge – BitRss

The cryptocurrency market is experiencing a significant surge, particularly with the introduction of Donald Trump’s memecoin project, TRUMP ($60.57). This initiative has propelled the total value locked (TVL) in the Solana $257 (SOL ($256.46)) network beyond $10 billion, marking the highest level since the collapse of the FTX ($0.00) exchange. Following the launch of TRUMP, Solana’s TVL soared to approximately $12 billion, indicating a revival of activity, especially in the decentralized finance (DeFi) sector. Data from DefiLlama reveals that the amount of SOL locked in the network has surpassed 45 million, a level not seen since August 2022.