According to @MilkRoadDaily, Solana’s total value locked (TVL) is pressing toward all-time highs while SOL is exhibiting a price structure reminiscent of late 2021, per @MilkRoadDaily. Milk Road reported that the key difference now is that billions more capital are flowing on-chain and the liquidity base is far deeper than in 2021, according to Milk Road. Milk Road emphasized that these stronger on-chain liquidity conditions define a materially different market structure for SOL that traders should account for when assessing price action, per Milk Road.