PANews reported on April 6 that according to Cointelegraph, although the price of SOL fell by 9% between March 28 and April 4, key indicators on the Solana chain continued to strengthen. On April 2, the total locked volume (TVL) of Solana network decentralized applications (DApps) reached 53.8 million SOL, a new high since June 2022, about $6.5 billion in US dollars, leading BNB Chain by about $780 million. Core DApps such as Jito, Jupiter and Kamino are the main drivers of growth.
During the same period, Solana's decentralized exchange (DEX) trading volume performed strongly, accounting for about 24% of the market share, exceeding BNB Chain (12%) and Base (10%). However, the unlocking of about 1.79 million SOL on April 4 released significant selling pressure, and coupled with the decline in memecoin popularity, the price rebound in the short term still faces uncertainty.
Despite the controversy surrounding MEV, Solana continues to gain recognition from developers and users in terms of underlying scalability and Web3 user experience, consolidating its second largest position among decentralized platforms.
