Solana’s total value locked (TVL) reached $338.82 million this Monday, marking its highest since the start of the year, as per DefiLlama data. Over the last 24 hours, SOL's TVL saw an increase of roughly 4.15%, jumping from $324.64 million on Sunday to $338.82 million by Monday. According to market analyst The Tie, of this amount, as much as 22 million SOL tokens (roughly valued at $400 million) are unlocked and can be sold. This represents close to 4% of SOL's total supply. Another 40 million to 44 million tokens, or approximately $860 million, are currently staked and another $17 million worth of SOL tokens are expected to be unlocked every month for the next four years.
Source: The Nation October 02, 2023 15:33 UTC