The Solana network has seen a surge in user demand and network inflows, pushing its decentralized finance (DeFi) total value locked (TVL) to an all-time high of over $13 billion. 

As buying activity grows, SOL’s price has also surged nearly 25% in the past week. The question now is whether this wave of network growth will be enough to propel the altcoin back to record price levels.

Solana DeFi TVL Rockets to ATH as User Activity Surges 

According to DefiLlama, Solana’s DeFi TVL is at an all-time high of $13.38 billion, having rocketed by 18% in the past week. 

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According to DeFiLlama, Solana’s DeFi TVL currently sits at an all-time high of $13.38 billion, rocketing by 18% in the past week. This surge is a clear marker of increased capital inflows into Solana’s DeFi protocols, a trend that can only be sustained when there is a rise in user demand and on-chain activity. 

More Users, More Transactions: Solana’s Network Momentum Builds

Data from Artemis confirms this trend, showing that Solana has experienced an uptick in daily active addresses and transactions. According to the on-chain data provider, in the past week, for example, the number of daily active addresses involved in at least one SOL transaction has increased by 37%. 

The increase in users has directly translated to higher activity, as the daily transaction count on the network has climbed 17% over the same period.

When a network’s user demand increases this way, it signals stronger confidence in the ecosystem and deeper utility for its native asset.  

With the Solana network showing strength, attention now shifts to how these gains are reflected in SOL’s market performance.

Can Solana Break Past $270 to Reclaim ATH?

SOL is up 22% in the past week and currently trades at $246.91. Readings from its Chaikin Money Flow (CMF), which is in an uptrend, highlight the strong demand backing the rally. At press time, this momentum indicator is at 0.23. 

The CMF indicator measures how money flows into and out of an asset. A positive CMF reading signals that buying pressure outweighs selling pressure, strengthening the bullish outlook. 

SOL’s CMF at 0.22 shows that capital inflows remain firmly supportive of the rally. If momentum continues, the coin could extend its gains toward $270.18, and a successful break above that level would put it on course to reclaim its all-time high of $295.83. 

However, if demand weakens and inflows slow, SOL risks losing ground, with potential downside toward $219.21. 

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