The relaxation of US regulations has increased the appeal of SOL to professional investors

BlockBeats news, on July 22, Rennick Palley, founding partner of crypto venture fund Stratos, said that the relaxation of U.S. regulatory policies has increased SOL's attractiveness to professional investors. He believes that the recent rise in SOL is due to the improvement in overall market sentiment and the increased likelihood that it and its ecosystem tokens will not be considered securities by the Trump administration. The upcoming ETH ETF is also helpful. SOL seems to be expected to become the next token with an ETF, especially its relatively small size and strong price performance.

Data tracked by DefiLlama show that the total locked value (TVL) of tokens on Solana has increased by more than 25% in a month, breaking through the $5.28 billion mark to reach the level of April 2022. (Coindesk)