Data: Solana TVL fell to a six-month low, down 34% from its September high.

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According to ChainCatcher, citing Cointelegraph, the total value locked (TVL) on the Solana blockchain has fallen more than 34% from its peak of $13.22 billion on September 14, dropping to a six-month low of $8.67 billion on Wednesday. TVL has remained below $10 billion for the past 30 days.

DefiLlama data shows that the decline in TVL is mainly due to Jito liquidity staking, which has dropped by 53% since mid-September. Other major decentralized applications, such as Jupiter DEX, Raydium, and the Sanctum protocol, have also seen declines of 30%, 46%, and 46%, respectively.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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