Solana's SOL Surges to $72 Amid Tokenized Stock Trading Boom

Solana's cryptocurrency SOL has seen a rebound in price, increasing from $64 to $72 within a day.

This uptick is attributed in part to an increase in tokenized stock trading on the Solana network, with 24-hour trading volume in these stocks reaching $113 million.

The artificial intelligence sector led this expansion, but liquidity in automated market maker pools remains thin.

On-chain indicators are mixed, with a decline of 11% in DeFi total value locked over the past month and a narrowing gap between Solana and Ethereum layer2 Base.