The Solana ecosystem is gaining attention due to its surging Total Value Locked (TVL), raising questions about its impact on SOL's price. Data from DefiLlama shows Solana's TVL hit $4.8 billion in Q1 2025, up 92% QoQ, driven by meme coins and DeFi activity. Meanwhile, SOL rose 45% in 30 days to around $195, per CoinGecko, nearing its $260 all-time high. Posts on X highlight TVL growth outpacing Ethereum’s Layer 2s, with $120 million weekly inflows for SOL versus Ethereum’s $80 million (The Block). While TVL reflects ecosystem strength, its direct pull on SOL price is tempered by speculative factors like ETF rumors and market sentiment. Historically, TVL spikes—like May 2024’s $5 billion—coincide with price rallies, suggesting a notable but not sole influence on SOL’s valuation.