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One of the main attractions of Solana is its cost-effective access to decentralized finance . Ethereum is notorious for having enormous gas fees at certain periods of time, scaring off some investors. While Solana's total value locked in DeFi has seen an increase, the numbers are not as impressive as one might think. The TVL has only risen by about $7 million. In comparison,The market sentiment around Solana is generally positive, especially with the ongoing developments in its ecosystem.
Solana has a robust roadmap with several upcoming upgrades and new features. These developments could further enhance its utility and, by extension, its price. While Solana is experiencing a surge, it is essential to consider the broader context. Its DeFi TVL is not as substantial as it could be, and Ethereum remains a strong competitor. However, Solana offers a cheaper and faster alternative for DeFi enthusiasts, which could be a significant factor in its current price rally. Investors should keep an eye on this asset but also remain cautious of the volatile nature of the crypto market.