Analysis: U.S. regulatory easing increases SOL's appeal to professional investors

Rennick Palley, founding partner of crypto venture fund Stratos, said that the relaxation of U.S. regulations has increased SOL's appeal to professional investors. He believes that the recent rise in SOL is due to the improvement in overall market sentiment and the increased likelihood that it and its ecosystem tokens will not be considered securities by the Trump administration. The upcoming ETH ETF also helps. SOL seems to be expected to become the next token with an ETF, especially its relatively small size and strong price performance. Data tracked by DefiLlama shows that the total locked value (TVL) of tokens on Solana has increased by more than 25% in a month, breaking the $5.28 billion mark and reaching the level of April 2022. (Coindesk)