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Solana’s TVL skyrockets, but there are almost no new tokens, what’s next?

Solana’s TVL skyrockets, but there are almost no new tokens, what’s next?

KriptoworldKriptoworld2025/09/30 16:00
By:by kriptoworld

Imagine throwing a party where the crowd stops showing up, but somehow the VIP section downstairs is packed tighter than ever.

Welcome to Solana’s latest drama in the crypto world, where token launches have dipped to a 7-month low, down to 27,354, the slimmest daily tally since March.

Yet, somehow, this blockchain beast still reigns supreme, leading all chains in daily, weekly, and monthly project rollouts. The crowd’s sparse, but the noise? Deafening.

Token creation drought

Even as fewer tokens hit the scene, Solana’s TVL has blasted off like a rocket ship strapped to a Monday morning espresso.

According to DefiLlama, this DeFi darling recently hit around $150 billion in TVL, signaling that investors are dumping cold, hard capital into Solana protocols like it’s the hottest underground club in crypto-town.

Source: DefiLlama

Forget token launches, deep liquidity and rising DeFi adoption show Solana’s got legs, long ones that might just sprint through any token creation drought.

But not everything smells like victory champagne. Solana’s DEX volume? It’s got legs, alright, but the last 24 hours saw a $666.7 million outflow.

Like a party guest deciding to ghost mid-conversation, this sudden withdrawal hints that some traders are checking their watches and pondering their exits, maybe spooked by recent price dips.

Momentum

Speaking of moods, the derivatives markets are casting a fog over the dance floor. Futures traders seem less hip to the Solana beat, with CryptoQuant’s Futures Taker CVD data flashing a “More Sellers Than Buyers” neon sign.

Source: CryptoQuant

The seller dominance is not just a flicker; it’s growing, and raising doubts whether Solana can maintain its momentum after the sprint.

That leads us to the $200 question, quite literally. Solana has been flirting just above this psychological barrier, but the big query remains, can bullish fundamentals like soaring TVL and network dominance in token launches outweigh the bearish vibes from short-term futures activity?

If the buyers muster up the courage and storm back into the futures arena, Solana could not only hold this line but light the fuse for another wild rally.

Ready for a bounce

Peeking at the daily charts, prices seem to be catching their breath after tumbling through a bullish triangle pattern.

But the Stochastic RSI is nudging into oversold territory, crypto-speak for “ready for a bounce.”

This suggests that despite the token launch lull and cautious futures traders, Solana’s price rally might just be settling into a longer run.

Solana’s TVL skyrockets, but there are almost no new tokens, what’s next? image 0 Solana’s TVL skyrockets, but there are almost no new tokens, what’s next? image 1
Written by András Mészáros
Cryptocurrency and Web3 expert, founder of Kriptoworld
LinkedIn | X (Twitter) | More articles

With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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