Solana (SOL) TVL Soars to 1-Year High of $5.4B, Can SOL Overtake Ethereum (ETH) by 2024?

The Solana community is celebrating a significant milestone, as the total value locked (TVL) in its ecosystem has soared to over $5.4 billion, reaching a one-year high. Many crypto enthusiasts now believe that Solana's DeFi ecosystem could overtake Ethereum by the end of 2024.

Solana’s Total Value Locked (TVL) Hits 1-Year High, Surging Past $5.4 BillionSolana’s network strength is pushing the price to $150, with further resistance at $200. Litecoin’s active addresses continue to outpace Bitcoin’s, setting the stage for a bullish price resurgence. Rollblock’s new crypto presale sees 1000+ new sign-ups, with RBLK rallying over 120% from its initial price.

Solana’s DeFi ecosystem could overtake Ethereum by 2024

Solana’s recent performance has sparked optimism among SOL holders, especially with the surging Total Value Locked (TVL) in its DeFi ecosystem. According to DeFiLlama’s data, Solana’s network metrics indicate increasing strength, with high deposits coming into the ecosystem.

As of Friday, DeFiLlama’s statistics show that Solana’s TVL has reached a 1-year high, surging to over $5.4 billion. This strong momentum in the network’s usage has pushed SOL’s price to $150, with further resistance at $200.

However, despite multiple financial institutions introducing Solana Exchange-Traded Funds (ETFs) to their investors, these ETFs have remained largely stagnant. Emerging bearish sentiments have also added to SOL’s stagnation.

Moreover, a recent update revealed that Ethereum’s average fees are set to drop to around $1, which could be a concern for Solana’s future performance.

Litecoin’s active addresses continue to outpace Bitcoin’s

Litecoin’s long-standing reputation as the “silver to Bitcoin’s gold” has seen its market capitalization rise all the way to $5.4 billion. LTC has dipped 11.2% in the last 30 days despite a bullish momentum building up.

Just five months ago, Coinbase introduced Litecoin futures, and Litecoin’s network has gradually seen an uptick in active wallets, accounting for more than 300,000 per month. This uptick in users, as well as the overall bullish fundamentals, have seen Litecoin’s network activity surpass Bitcoin and Ethereum.

Rollblock’s RBLK presale sees support, raising over $2.8 million

Rollblock, an upcoming GambleFi, has seen its new crypto presale raise over $2.8 million from early bird investors, just weeks after its launch. Rollblock’s RBLK token kicked off the presale at a value of $0.01 and has now rallied over 100% to its current rate of $0.024.

What makes Rollblock’s crypto casino stand out is its revenue share model, where a stake of the casino’s daily profits will be distributed to players and RBLK holders. Thanks to Rollblock’s community-centric approach, a staking mechanism is included that will enable RBLK holders to earn an APY of up to 30%, making Rollblock both lucrative and entertaining.

To stabilize the price, a token burn mechanism is put in place, and there is no KYC requirement, thus giving users the anonymity they crave. All games on Rollblock’s casino are provably fair, and analysts have tipped RBLK to rally a further 880% before the presale ends.

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