Solana Extends Investment Streak to 27 Weeks of Inflows: CoinShares

Solana has had a bright 2023, with 27 weeks worth of inflows versus merely four weeks of selloffs. The last seven days were no exception, with institutions pocketing $5 million worth of the asset. According to Butterfill, this has allowed the altcoin to retain the title of “most-loved altcoin this year.”

Earlier today, the network notched its highest total value locked (TVL) of the year, reaching $338.82 million, according to DefiLlama. Its native token, SOL, has also enjoyed a short-term surge in price, trading at $23.40—a 20% increase on the week.

Along with Solana, Bitcoin has reversed its bearish course, and filed an institutional green week.