Solana TVL hits a new high in SOL pricing, DEX is active, but SOL prices are still under pressure

News: Despite SOL's 9% price drop from March 28 to April 4, Solana's on-chain indicators continue to show strength. On April 2, Solana's network DApp total value locked (TVL) reached 53.8 million SOL, 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. During the same period, DEX trading volume demonstrated robustness, with Solana capturing 24% market share, surpassing BNB Chain (12%) and Base (10%). However, the unlock of 1.79 million SOL on April 4 created noticeable selling pressure, and with meme coin enthusiasm waning, short-term price rebound remains uncertain. Despite facing MEV controversies, Solana continues to receive developer and user support for its underlying scalability and Web3 experience, maintaining its second position among decentralized platforms. (Cointelegraph)