Solana news has been buzzing lately, especially after the SOL price spiked to $206 earlier this week. While the token has since dropped to around $180, the SOL token remains in a short-term uptrend after bouncing back from last week’s dip below $175.
In the last month, the SOL price has gained over 16%, fueled by growing interest and activity within the Solana ecosystem. According to the latest Solana news, Total Value Locked (TVL) in the network’s DeFi protocols rose by over 14% in the past month, hitting $9.88 billion.
This means more participants are entering the Solana ecosystem. Still, as August nears, signs of a slowdown are emerging. At the time of writing, the SOL is hovering around $179, and user activity has declined by 13% over the past week to 3 million.
As the Solana news turns cautious with the SOL price at a plateau, eyes are now on newer projects offering strong upside potential.
One standout asset is Unilabs Finance, which has already raised over $31 million in AUM. The project is gaining traction thanks to its AI-powered retail trading tools and growing presale momentum.
Read more on Analytics Insight
