Solana TVL Hits All-Time High in SOL Terms, DEX Activity High, But SOL Price Still Under Pressure

BlockBeats News, April 6th, according to Cointelegraph, despite SOL's price dropping by 9% from March 28th to April 4th, Solana's on-chain metrics have remained strong. On April 2nd, Solana network's total value locked (TVL) for DApps reached 53.8 million SOL, hitting a new high since June 2022, equivalent to $6.5 billion, leading BNB Chain by approximately $780 million.

Key DApps include Jito, Jupiter, and Kamino. Concurrently, DEX trading volume has shown strength, with Solana capturing a 24% market share, surpassing BNB Chain (12%) and Base (10%). However, on April 4th, a significant unlock of 1.79 million SOL created selling pressure, coupled with a waning interest in memecoins, leading to uncertainty in a short-term price rebound. Despite facing MEV controversies, Solana continues to receive developer and user support in underlying scalability and Web3 experience, solidifying its position as the second-largest decentralized platform.