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- 🎉 Congratulations to the following users for winning in the #Gate CBO Kevin Lee# - 6/26 event!
KaRaDeNiZ, Sakura_3434, Anza01, asiftahsin, GateUser-d0654db3, milaluxury, Ryakpanda, 静.和, milaluxury, 币大亨1
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- 🎉 CandyDrop 5.0: 5 BTC Mega Airdrop is here!
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- Gate Alpha 2nd Points Carnival Round 4 Hot Launch! Trade to Share $30,000 MORE & Alpha Points
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Solana TVL reaches a new high in SOL valuation, DEX activity remains resilient, but SOL price is still under pressure.
Odaily News Despite the 9% fall in SOL price from March 28 to April 4, Solana's on-chain indicators have continued to strengthen. On April 2, the total lock-up position (TVL) of Solana's network DApps reached 53.8 million SOL, a new high since June 2022, amounting to 6.5 billion USD, leading BNB Chain by about 780 million USD. Major DApps include Jito, Jupiter, and Kamino. Meanwhile, DEX volume showed strength, with Solana holding a 24% market share, surpassing BNB Chain (12%) and Base (10%). However, the release of 1.79 million SOL on April 4 exerted significant selling pressure, coupled with the decline in memecoin popularity, leaving short-term rebound potential uncertain. Despite facing MEV controversies, Solana continues to gain support from developers and users in terms of underlying scalability and Web3 experience, solidifying its second position among decentralized platforms. (Cointelegraph)