Solana total value locked is the highest it’s ever been, setting the scene for a Solana-wide memecoin rally for tokens like $SNORT.
Solana just reached a new milestone in total value locked, demonstrating steady momentum.
Data from DefiLlama shows that Solana reached a new all-time high of $12.11 billion in total value locked on September 9th.
Much of Solana’s growth in the past 30 days has come from DeFi protocols. Jupiter, Jito, Sanctum, and Raydium have all experienced double-digit growth during that period, helping Solana break through a previous ATH of just under $12 billion set back in January.
We’ll explore why increased growth across Solana DeFi is a strong success signal for Snorter Token ($SNORT), but let’s first take a closer look at the Solana DeFi market.
Why is the Solana DeFi Market Valued so Highly?
Solana’s technical innovations make it well positioned to be the protocol of choice for the DeFi revolution. It uses parallel processing techniques powered by a proof-of-history blockchain that works alongside proof-of-stake, enabling Solana to process tens of thousands of transactions per second.
Transaction fees are also much cheaper on Solana compared to the gas fees paid on Ethereum. Typically, fees on Solana are less than a fraction of a cent, making it practical to do high-frequency trading and micro-transactions on low market cap coins.
With high scalability, low latency, and minimal fees, Solana has attracted a variety of DeFi protocols that wouldn’t be feasible on other networks. The success of providers like Jupiter, which now adds over $3.3B in TVL to Solana, demonstrates that DeFi can be sustainable in the long term.
You’d be missing a key part of Solana if you didn’t mention meme coins, too. They’ve evolved from speculative novelties to a core element of Solana’s DeFi space. The meme coin market cap now exceeds $12 billion and is only expected to grow.
That’s what makes Snorter Bot exciting. It enables you to take advantage of meme coins’ instant popularity with a fast automated trading system built directly into Telegram, allowing you to swap tokens as soon as they appear on Snorter’s altcoin radar.
Let’s dig a little bit more into how Snorter can help you trade meme coins on Solana.
Snorter Token & Snorter Bot – Trade Solana Meme Coins Instantly with this Telegram-Based Sniper Bot
Snorter Token ($SNORT) is the official token of Snorter Bot, a Telegram-based trading bot that simplifies swapping coins through DeFi networks.
If you’ve ever felt overwhelmed by choices when trading meme coins on the Solana network, Snorter is here to lend a helping hand.
It automatically scans all upcoming altcoins and finds the most promising ones, delivering them to you for review via a simple Telegram interface.
Worried about scams? No problem—Snorter features a built-in honeypot detection system (with an 85% success rate in beta testing) that can spot potential rug pulls early.
Once you’ve selected the coins, all you need to do is place a buy or sell order, and Snorter handles everything else. No more checking your phone every thirty seconds to track the price movements of a coin you’re watching.
Of course, Snorter supports the Solana network, but after launch, additional modules will also be available for Ethereum, BNB, Polygon, and Base.
Caption: Snorter promises fast swaps, honeypot detection, and copy trading with the $SNORT token
Snorter Bot becomes even more powerful with $SNORT. Holding the $SNORT token grants the ability to trade an unlimited number of times per day, which is perfect for taking advantage of the automated wallet copy trading feature also exclusively available to $SNORT holders.
Just choose a wallet address you want to copy, and Snorter will mirror each transaction it performs using a high-speed RPC designed for sub-second transaction executions.
Best of all, holding $SNORT reduces your transaction fees to 0.85%, well below the industry average of 1%. That results in a better profit margin when you use all of Snorter’s automated trading features.
While you’re waiting for the Snorter Bot to go live, you can participate in the $SNORT presale and purchase tokens for just $0.1039. You’ll need to act quickly, though – $SNORT has already raised $3.8M from token sales, and the token price is only expected to increase before the release.
Get in on $SNORT’s presale and grab up to 122% in staking rewards.
Are Solana DeFis set to Grow Further?
We expect that the ongoing growth of DeFi applications will boost confidence in Solana as a platform, leading to an influx of traders eager to capitalize on the continuously increasing TVL.
If you’re one of these traders, you’ll need an edge to stay ahead of the thousands of other high-frequency bots out there. It’s worth looking into Snorter Token ($SNORT), as we expect the Snorter Bot to become quite popular once it goes live before Q4 2025.
Make sure to always do your own research before investing and only invest what you’re prepared to lose. This article is not financial advice.
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Krasimir Rusev is a journalist with many years of experience in covering cryptocurrencies and financial markets. He specializes in analysis, news, and forecasts for digital assets, providing readers with in-depth and reliable information on the latest market trends. His expertise and professionalism make him a valuable source of information for investors, traders, and anyone who follows the dynamics of the crypto world.
Source: https://coindoo.com/solana-tvl-smashes-new-historic-record-meme-coin-rally-for-snorter/