Solana’s DeFi vertical has witnessed significant growth in the last month.Solana’s TVL is at its highest level since October 2022.The chain’s DEX trading volume recently touched its year-to-date high.Solana’s [$SOL ] decentralized finance (DeFi) ecosystem has experienced a surge of activity in the past two months, with its total value locked (TVL) reaching its highest point since the year began, according to data from DeFiLlama.At press time, Solana’s TVL was $1.30 billion. The last time the network’s TVL was this high was in October 2022.For context, as of 1st January, the network’s TVL was a mere $210 million, showing that Solana’s TVL has witnessed a year-to-date (YTD) growth of 519%. Over the past month alone, Solana’s DeFi vertical has witnessed an impressive 130% growth. This is in tandem with the network-wide growth that the Layer 1 (L1) blockchain network has seen within that period.Leading DeFi protocols on Solana, such as Marinade Finance, Jito, and Marginfi, have witnessed respective TVL growths of 87%, 55%, and 165% in the last 30 days.Solana aims to close the year with a bangThe month so far has seen a remarkable uptick in the demand for the network. An assessment of the chain’s network activity revealed that its daily count of active addresses climbed to a YTD high of 1.26 million on 17th December. While this has seen a slight retracement, Solana’s daily active address count has increased by 157% since the beginning of the month.When a network’s user count increases, it sees a corresponding transaction increment. On Solana, the total number of transactions registered on-chain daily has gone up by 23% since 1st December.As for the decentralized exchanges (DEXes) on Solana, the trade volume executed through them touched a YTD high of 2.61 billion on 22nd December, according to data from Artemis.This marked a whopping 17,000% in DEX trading volume on Solana so far this year. As a result of the increased activity on Solana in the last 30 days, monthly fees generated from users currently sit at its highest since the year began. According to data from Token Terminal, so far this month, Solana’s transaction fees have totaled $3.7 million.The monthly revenue derived from the same has also been at its highest since January. With a week left till the close of the 2023 trading year, the network has seen a monthly revenue of $1.9 million.#Sol #SolanaGems #Solana.blockchain #solanaphone #sol

From $70 to $142,300: The Astonishing Journey of a Trader Riding the ANALOS MemeCoin WaveIn the fast-paced world of cryptocurrency, where fortunes are made and lost in the blink of an eye, one trader's story stands out as a testament to the unpredictable yet exhilarating nature of the market. This trader, a daring investor, turned a humble $70 investment into a staggering $142,300 windfall by riding the ANALOS MemeCoin wave.It all began in the early days of ANALOS, a meme-inspired cryptocurrency that captured the attention of the crypto community with its quirky logo and a charismatic online presence. While skeptics dismissed it as just another fleeting trend, this trader saw an opportunity to embrace the volatility and potentially turn a modest investment into a life-changing sum.In the initial weeks, the ANALOS market experienced wild fluctuations, with prices soaring and crashing in a matter of hours. Undeterred, the trader closely monitored the market sentiment, identified patterns, and strategically timed the entry into the ANALOS ecosystem. The $70 investment, initially met with skepticism from peers, soon turned heads as the coin's value skyrocketed.As ANALOS gained traction on social media platforms, drawing attention from meme enthusiasts and crypto aficionados alike, the trader's investment grew exponentially. The coin's community-driven approach and engaging online presence fueled a viral movement, driving demand and causing the price to surge.The trader's foresight in recognizing the potential of ANALOS as more than just a meme coin paid off handsomely. As the value of the initial investment soared, they became a figure of interest within the crypto space, attracting followers eager to learn from their strategic approach.While the ride was thrilling, it wasn't without its challenges. The ANALOS market experienced sharp corrections and unpredictable dips, testing the nerves of even the most seasoned investors. However, the trader's ability to stay composed, analyze market trends, and make informed decisions played a pivotal role in their success.The turning point came when ANALOS caught the attention of mainstream media, propelling the coin into the spotlight. As news outlets covered the unprecedented gains and the community's growing influence, the demand for ANALOS reached new heights. The trader, having wisely held onto the investment during the tumultuous times, found themselves at the center of a financial success story.In the end, the $70 investment had multiplied over 2000 times, resulting in a staggering profit of $142,300. The trader's journey from a modest investor to a crypto sensation serves as a testament to the power of foresight, strategic decision-making, and the unpredictable yet captivating nature of the cryptocurrency market.As ANALOS continues to make waves in the crypto space, the trader's story remains a source of inspiration for aspiring traders, reminding them that within the dynamic world of cryptocurrencies, extraordinary gains are possible for those who dare to seize the opportunity.#BTC #ETH #Launchpool #SolanaGems #AnalosCoin $SOL $BTC $ETH