Solana's on-chain data performed strongly, with the total decentralized application lockout (TVL) reaching 53.8 million SOL, a new high since June last year, reaching US$6.5 billion in US dollars, leading BNB Chain by about US$780 million. Main DApps such as Jito, Jupiter and Kamino drive market share growth, with DEX trading volume accounting for 24%. Despite the pressure of selling and MEV controversy, Solana still gains support for scalability and Web3 experience.
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