According to Miles Deutscher, a five-token Solana ecosystem watchlist optimized for trading should be based on in-depth analysis of price action, Total Value Locked (TVL), and overall traction gained by each token. The recommended tokens include SOL, JUP, RAY, BONK, and ORCA, all of which have demonstrated strong price momentum, increasing TVL, and growing user engagement on the Solana blockchain (source: Miles Deutscher on Twitter, April 25, 2025). Traders should monitor SOL for its dominant market cap and network activity, JUP for recent TVL surges, RAY for its decentralized exchange influence, BONK for high transaction volumes, and ORCA for its liquidity protocol traction. These metrics offer actionable insights for short- and mid-term trading strategies in the Solana ecosystem.

According to Nic Carter, the supply of blue-chip stablecoins may soon become a more reliable metric than Total Value Locked (TVL) for evaluating Layer 1 and Layer 2 blockchain networks. This shift in focus could impact how traders assess the stability and growth potential of these networks, particularly in volatile markets. Carter's insights suggest that stablecoin supply could provide a more consistent measure of liquidity and user trust in a network, which are critical factors for traders when making investment decisions.

According to Michaël van de Poppe, $SUI is gaining significant traction as the crypto market trends upwards, with 10% of BTCFi's TVL flowing through SUI and its DeFi ranking in the top 6 globally, indicating strong investment potential.

According to @cas_abbe, $KERNEL is forming a 'cup and handle' pattern, suggesting a potential breakout. With listings on Binance and Coinbase, its chart remains stable. The key highlight is its Total Value Locked (TVL) at $1.53 billion against a Market Capitalization (MCap) of just $43 million, indicating possible undervaluation. This pattern, often a bullish signal, could attract traders looking for undervalued crypto assets.

According to @Tetranode, total value locked (TVL) and revenue in the stablecoin market have shown resilience and growth even as Ethereum prices have been falling. This indicates a strong market narrative and demand for stablecoins during periods of volatility. The stability and continuous yield offered by stablecoins make them attractive trading instruments when other crypto assets face downturns.

According to IntoTheBlock, they have updated their perspective dashboard, which now allows traders to analyze token performance, Total Value Locked (TVL), and interest rates across lending protocols. This enhancement aims to provide a more comprehensive on-chain overview to support trading decisions and strategy developments for participants in the crypto lending market. The dashboard update is intended to improve the accessibility and clarity of key metrics essential for evaluating lending protocol dynamics.

According to @etherealdex, Ethereal's PerpDEX has achieved the second-highest Total Value Locked (TVL) across all networks, following only Jupiter. Its TVL is reported to be 4.5 times that of Hyperliquid, reaching a significant $820 million. This increase is attributed to the ongoing 'Season Zero' deposit phase, where users can deposit $USDe to earn project points and testnet access. So far, 16,210 addresses have collectively deposited $830 million.

According to Milk Road, $AERO is backed by Coinbase Ventures and is included in the Coinbase 50 Index, indicating strong institutional support and market recognition. The token is currently dominating the Base platform in both trading volume and total value locked (TVL), which suggests high investor interest and market activity. However, Milk Road cautions that high rewards do not necessarily equate to long-term sustainability, indicating potential risks for traders.

According to Milk Road, Ethereum ranks #6 across all blockchain networks in terms of Total Value Locked (TVL), indicating its significant position in the DeFi space.

According to Michaël van de Poppe, the Sonic ecosystem is experiencing significant growth, with its Total Value Locked (TVL) nearing the $1 billion mark, up from $250 million since February. The introduction of their native USDC is expected to enhance capital efficiency, making it a key factor in its trading appeal.

According to IntoTheBlock, the revamped RWA Perspective dashboard now provides comprehensive insights into Real World Asset (RWA) Total Value Locked (TVL), transaction volumes, and token performance. These metrics are essential for traders looking to evaluate the market impact of RWAs on the cryptocurrency landscape. The dashboard aims to furnish traders with data-driven decision-making tools to better navigate the market (Source: IntoTheBlock).

According to IntoTheBlock, RWA tokens have seen their Total Value Locked (TVL) more than double over the past year, driven by the stability of real-world investments and a trend towards broader portfolio diversification.

According to Ai 姨, PumpSwap recorded a 24-hour trading volume of $668,000, ranking 7th among Solana DEXs. This volume is only 0.2% of Raydium's, 0.04% of Uniswap's, and 0.03% of PancakeSwap's volume. The Total Value Locked (TVL) stands at $21.49 million, representing 1.87% of Raydium's, 0.54% of Uniswap's, and 1.28% of PancakeSwap's TVL.

According to IntoTheBlock, Lido, the leader in Ethereum liquid staking, now holds an impressive 64% of the total value locked (TVL) in liquid staking tokens (LST). This dominance highlights how established protocols are further consolidating their positions even in challenging market conditions.

According to Cas Abbé, BNB Chain is experiencing significant growth across key metrics. Total Value Locked (TVL) has increased by 7% in just one week, reaching $5.44 billion. Additionally, trading volume, liquidity, and the number of new projects launching on the chain are all on the rise, indicating a robust and expanding ecosystem.

According to IntoTheBlock, lending protocols have consistently held a 15–20% share of DeFi's total TVL, indicating strong and consistent demand even during volatile market conditions.

According to bolsaverse.eth, around 4,700 people have claimed the SZ0 role on Ethereal, a number considered relatively low. The Total Value Locked (TVL) in Ethereal has significantly increased from $30 million in the initial days to over $450 million, presenting a dilemma for new depositors considering the current high TVL.

According to Michaël van de Poppe (@CryptoMichNL), despite the overall market downturn, Sonic ($S) has shown remarkable growth with its Total Value Locked (TVL) reaching $800M, tripling in the past 6 weeks. This significant growth suggests Sonic could be a key player to watch in the coming months.

According to Ai 姨 (@ai_9684xtpa), $mubarak's market liquidity is concerning with a pool depth of only $4.48 million, which is just 5% of its 24-hour trading volume of $88.1 million. The total value locked (TVL) in the top two liquidity pools on PancakeSwap is $4.01 million, indicating potential challenges in handling large sell-offs without significant price impact.

According to EmberCN, StakeStone is preparing for a snapshot to determine airdrop eligibility for holders of STONE, BERASTONE, SBTC, and STONEBTC. StakeStone, known for its yield-bearing liquidity asset solutions, supports emerging blockchain and L2 ecosystems with diverse liquidity needs. It has achieved significant milestones, including a TVL of $627 million through products like berachain, story, and plume.