After the recovery of cryptocurrencies since the beginning of the year, investors turned to staking investments again. Research company The Block Research, in its latest report altcoin found that large amounts of staking investments were flowing into Solana from their projects.
According to research by crypto experts, stakes in pools Left (LEFT) The value of the coins has increased by 91% since the beginning of the year. Analysts examining investment pools such as Lido, Marinade Finance and Socean noted that the total value of SOL tokens locked at the beginning of the year was around $98 million, but today this figure has risen to $187 million.
Staking pools, which are the subject of research, are home to about 70% of the total amount locked. The TVL value of the entire ecosystem approached $272 million as of July 4, according to DeFiLlama data.
Cryptocurrency researchers pointed to Ethereum as the reason for the interest in Solana staking pools. The interest in ETH staking activity following the Shapella update may have also benefited rival altcoin Solana.
Solana Coin Price
Ethereum’s competitor in the smart contract space LEFT It has lost 1% since the beginning of the week.
Solana, which retested the $18.31 support after being stuck at $19.90 last week, may move to $21.41 if it breaks the critical level in its second attempt.
$SOL is currently selling for $19.35.
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