Solana its TVL reached an all-time high
Solana is currently trading at $210, up 10%, according to Coingecko. The highest price Solana could reach today was $212.29, very close to its all-time high of $213.47. While Solana's price was unable to reach a new all-time high, the total value locked on the blockchain has reached a new all-time high of $13.55 billion. Saber, the cross-chain stablecoin exchange for the Solana ecosystem, has the largest share of the $13.55 billion. It has surpassed Raydium and is responsible for more than 15% of that value, or $2.06 billion.TVL is a valuable metric for cryptocurrencies, especially smart contract-enabled blockchains like Solana and Ethereum. Smart contracts are self-executing financial contracts that do not require an intermediary to broker and honor the contract.
What else is happening on Solana?
On Friday, around $100,000 was raised for crypto think tank Coin Center through the sale of NFT tungsten cubes on Solana. The NFTs became a running gag on crypto Twitter in the week leading up to the sale. Also, on Friday, Solana announced the beta launch of "Squads," a tool that helps people create decentralized autonomous organizations, or "DAOs," on the network. Solana's "Squads" is an on-chain governance client that allows DAO members to initiate and vote on governance proposals. The mainnet and devnet are scheduled to launch on November 9.Continue reading by joining Cryptonary Pro
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