- Solana’s real economic value soared to $819M, reflecting growing validator profitability and increased network activity.
- SOL price hovers around $202, facing resistance at $211, with strong support at $182 as TVL surpasses $12B.
Solana’s[SOL] real economic value, which includes fees and Maximum Extractable Value (MEV), has surged 319% quarter-over-quarter (QoQ), reaching $819 million.
This remarkable growth underscores Solana’s increasing network activity and validator profitability. But what does this mean for Solana’s Total Value Locked (TVL) and SOL price trends?
Understanding Solana’s real economic value
The real economic value metric measures the total revenue generated from network fees and MEV extraction by validators.
Analysis of the latest data from Messari highlights that Solana’s network has experienced significant transactional growth, increasing revenue streams for its ecosystem participants.
Source: Messari
The chart illustrates how Solana’s real economic value has closely tracked its market capitalization throughout 2024.
Notably, as Solana’s network activity surged, its economic value spiked, peaking at over $819 million in Q4 2024.
This surge aligns with increased on-chain adoption, NFT activity, and DeFi usage within the Solana ecosystem. For example, Solana-based memecoins saw a significant spike in 2024 and now have a market cap of over $12.5 billion.
Solana’s TVL growth reflects rising network confidence
Solana’s Total Value Locked (TVL) has also exhibited strong upward momentum, driven by heightened DeFi activity.
Data from DeFiLlama shows a sharp increase in TVL, crossing the $12 billion mark, a level last seen in early 2022 before the broader crypto downturn.
Source: DefiLlama
The TVL chart reveals that since mid-2024, Solana has witnessed a consistent capital inflow, with TVL skyrocketing in December 2024.
The spike indicates renewed confidence in its DeFi ecosystem as users and liquidity providers return, drawn by lower fees and high transaction throughput.
A key takeaway from the TVL surge is its correlation with real economic value. As validator rewards increase, more capital will likely flow into the ecosystem, strengthening long-term sustainability.
SOL price trends: What’s next?
Solana’s price has mirrored the broader network expansion, with SOL currently trading at $202.07, up 3.03% on the day. However, technical indicators highlight key resistance and support levels that traders should monitor.
The 50-day Moving Average (MA) stood at $211.17, acting as a crucial resistance zone.
Meanwhile, the 200-day MA at $182.57 provides strong downside support. If SOL reclaims its 50-day MA, it could push toward the $225-$250 resistance range.
Source: TradingView
Volume and accumulation metrics also show continued investor interest, with Accumulation/Distribution (A/D) at 30.88M, indicating sustained buy-side pressure.
If this trend continues, SOL could enter a bullish phase, supported by its rising network value.
What this means for Solana
Solana’s 319% QoQ growth in real economic value signifies increasing adoption and validator profitability, fueling long-term sustainability.
The corresponding TVL surge past $12 billion further cements Solana’s position as a leading DeFi network.
However, SOL’s price remains at a technical crossroads, with key resistance at $211 and strong support at $182.
If market conditions remain favorable, it could see continued upside, but investors should closely monitor network activity and liquidity trends.
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The rapid expansion of real economic value, TVL, and SOL’s price action shows Solana’s growing strength in the crypto ecosystem.
Whether this momentum sustains depends on continued network demand and the broader macroeconomic landscape.
