Solana's ecosystem has gained attention due to its Total Value Locked (TVL) growth, rising from $245 million in Q4 2022 to over $6 billion by October 2024, a 750%+ increase. This reflects growing DeFi activity and confidence, potentially boosting SOL demand for staking and fees. However, TVL’s impact on SOL price isn’t direct—price rose from $10 to $223 in the same period, outpacing TVL growth. Data suggests market sentiment and speculation often amplify price movements beyond TVL’s influence, though sustained TVL growth could support long-term price stability.