August 17, 2025 - Solana News Update
Update: 2025-08-17
Description
August 17, 2025: Solana's market cap experienced a steady increase, reaching $50 billion, making it the 5th largest cryptocurrency. Trading volumes on the Solana blockchain have surged, nearing $1 billion daily. DeFi protocols on Solana have seen a significant rise in total value locked, with several protocols crossing the $1 billion mark. The recent launch of new NFT collections on the platform has also contributed to the growth. Solana's ecosystem continues to expand, with new projects and partnerships being announced. Powered by LabCat AI research tools.
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