The relaxation of U.S. regulatory policies has increased the attractiveness of SOL to professional investors

BlockBeats reports that on July 22, Rennick Palley, the founding partner of crypto risk fund Stratos, stated that the U.S.'s relaxed regulatory policies have increased SOL's appeal to professional investors. He believes that the recent rise in SOL is due to an overall improvement in market sentiment and an increased likelihood of it and its ecosystem tokens not being considered securities by the Trump administration. The upcoming launch of ETH ETF also helps. SOL seems poised to become the next token with an ETF, especially given its relatively small size and strong price performance.

Data tracked by DefiLlama shows that the total locked-in value (TVL) of tokens on Solana has grown more than 25% within a month, breaking through $5.28 billion mark and reaching levels seen in April 2022.(Coindesk)