Solana Price Soars to 2-Year High, Fueled by Meme Coins and Growing DeFi Adoption

Solana (SOL) price hit a 2-year high of over $150 on Friday, reaching levels not seen since January 2022
The price surge comes amid rising decentralized finance (DeFi) trading volumes on Solana, which have topped Ethereum's volumes
Solana DeFi total value locked (TVL) has doubled in the past month to over $3.1 billion, highest since May 2022
Meme coins and low fees are driving increased adoption and usage of Solana DeFi protocols
Solana remains far from its all-time high of around $260 hit in November 2021, compared to Bitcoin and Ethereum being much closer to their peaks