Solana showing real signs of recovery as DeFi funding returns to network with alternative protocols like Jito gaining more traction
The surge in Solana's DeFi is mirrored by the cryptocurrency's price movements. The SOL token has been on a solid uptrend, amassing a gain of around 120% from its local bottom at the peak. This rally signified a marked recovery from its previous slump and an indicator of increased investor confidence in the asset.
However, like all volatile markets, the upward trajectory was punctuated by a slight retracement. After reaching its local high, SOL saw a minor pullback, with its price settling around $24. This represents a depreciation of over 20% in its value, a reflection of the inherent volatility on the cryptocurrency
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