How to read it:
• Purple line = SOL Price - dropped from ∼$115 to ∼$97 then bouncing back to $109.43 today • Green dashed = DeFi TVL - steady growth from ∼10.4B to ∼11.5B, even while price dipped. That matches the real trend - Solana DeFi fees up 166% on Raydium, $165M+ bridged in.
This divergence is bullish for Solana DeFi - TVL rising while price is low means more usage is coming in, often price follows TVL later.
• Purple line = SOL Price - dropped from ∼$115 to ∼$97 then bouncing back to $109.43 today • Green dashed = DeFi TVL - steady growth from ∼10.4B to ∼11.5B, even while price dipped. That matches the real trend - Solana DeFi fees up 166% on Raydium, $165M+ bridged in.
This divergence is bullish for Solana DeFi - TVL rising while price is low means more usage is coming in, often price follows TVL later.
