Solana TVL Sees Sharp Decline, Reaches 2022 Low
When Solana’s price hit new lows near $54, the total value locked (TVL) for the token also declined to a historical low. According to data from Defi Llama, the token’s TVL has been on a steady decline since November 2021. In that month, it reached an all-time high of $15 billion but then lost momentum and went down to $4.34 billion. Solana’s TVL continued to plummet in the third week of May due to bearish trends within this market that have seen declining interest from investors. Related Reading | Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On With its price....
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After a period of heightened performance and adoption, the Solana network is starting to witness a slowdown in users’ activity and interest. A report has emerged showing that the active wallet addresses on the SOL network have fallen sharply, raising questions about its impact on prices. A Steep Decline In Solana’s Active Wallet Addresses Currently, […]
Solana has taken a breather after a sharp 20% sell-off, with the price now stabilizing at a technically significant zone. As volatility cools and consolidation sets in, the market is watching closely to see whether this level acts as a launchpad for a recovery or opens the door to further downside. The next move from here could define SOL’s short-term direction. VAH Rejection Sends SOL Back Into Range Market expert Umair Crypto explained that Solana’s rejection at the Value Area High (VAH) near $141 set the tone for the recent move. After briefly extending to $148, SOL once again failed to....
Following the incredible recovery of the Solana price from less than $10 in 2022 to almost $300 by 2025, it has been pitched as a possible replacement for Ethereum, the second-largest cryptocurrency by market cap. This was further fueled by the fact that it seemed the majority of the decentralized finance (DeFi) volume had moved […]
Solana has displayed an impressive performance in the crypto market over the past three months, with its price seeing a sharp growth from around $160 to as high as $230. However, recent on-chain data shows a less optimistic picture underneath the surface. Solana Network Activity On The Decline In a Quicktake post on the CryptoQuant […]
The Solana network has seen its validator count crash by more than 68% over the past three years, falling from thousands of active nodes to just around 800. The massive decline in validators has sparked discussions about whether this could become a threat to the blockchain network or a natural pruning of inactive nodes to increase efficiency. Solana loses 68% Of Its Validators In 3 Years A new report from Criptonocias reveals that Solana has experienced a dramatic decline in the number of its validators, active and non-active, since March 2023. This decrease has raised concerns across the....