Solana DeFi TVL Near Record $11.7B, but SOL Price Dey Lag
Solana DeFi TVL dey for $11.725 billion, e dey near im January record high. But SOL price still dey around $210, e low pass January ATH wey be $294.33. On-chain fee low—just $1.68 million every day compared to January peak of $28.89 million—e dey limit network revenue and staking rewards wey dey drive SOL price well. Plenti DeFi TVL for ecosystem lock inside low-cost platform like Jupiter, e dey boost liquidity but e no dey turn to higher fees. So, SOL price dey continue dey different from fast TVL growth wey for ecosystem. SOL fit remain range-bound till on-chain fee revenue go rise again.
Neutral
Even though DeFi TVL dey near record level wey show say di ecosystem dey grow strong, di SOL price still low because on-chain fees no too high, wey dey limit network income and staking returns. Dis wahala dey resemble old times—like after January—wey high TVL no fit keep di price. For short term, traders fit dey hold their position but dem no go enter new trade till fee revenue improve, wey make SOL dey waka inside one range. For long term, if on-chain fees increase, e fit trigger new rally, but if dat catalyst no show, market impact go remain neutral.