According to Deep Tide TechFlow, on April 6, according to Cointelegraph, the Solana ecosystem has shown strong growth momentum despite the recent decline of SOL prices. On April 2, the total locked-in volume of Solana's network DApp (TVL) reached 53.8 million SOL, a new high since June 2022, with a US dollar denominated at US$6.5 billion, exceeding BNB Chain by about US$780 million.
Projects such as Jito, Jupiter and Kamino have become major contributors. In terms of DEX trading volume, Solana accounts for 24% of the market share, leading BNB Chain (12%) and Base (10%).
However, the unlocking of 1.79 million SOL on April 4 brought selling pressure, and the decline in memecoin's popularity has put SOL prices in the short-term rebound in uncertainty. Despite the MEV controversy, Solana continues to gain developer and user support with its underlying scalability and premium Web3 experience, cementing its second place in the decentralized platform.