Key Takeaways

Why are Solana’s token launches slowing down?

Daily token creation on Solana fell to 27,354, its lowest since March, signaling a cooling trend. However, Solana still leads all blockchains in token launches.

Can Solana’s fundamentals outweigh bearish Futures?

Despite a $666.7M DEX outflow and rising seller dominance in Futures markets, Solana’s $150B TVL surge and strong DeFi growth hint at long-term bullish potential.

The Solana [SOL] network has seen a significant drop in the number of new tokens created, reaching 27,354 according to recent reports — its lowest daily level since March.

While that figure reflects cooling activity in one segment of the ecosystem, the Solana network still leads the broader crypto ecosystem in daily, weekly, and monthly token launches.

The development has cemented Solana as the most active chain for project deployment.

TVL surge highlights underlying strength

However, beyond token issuance, most of Solana’s broader fundamentals still remain intact.

Per DefiLlama, Solana’s Total Value Locked (TVL) surged to around $150 billion recently, signaling sustained growth in DeFi adoption and capital inflows.

It highlighted increased investor confidence and deeper liquidity in Solana-based protocols.

That’s not all — the token’s DEX volume has also witnessed significant gains. However, the number of inflow have shrunk recently by almost $666.7 million over the last 24 hours.

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Author: Kelvin Murithi