Solana TVL rises to 40.9 million SOL, a two-year high, up 26% in the past two months

According to the news from Mars Finance, in the past week, the on-chain activity of BNB Chain decreased by 37%, and the DApp trading volume decreased by 25%. The underperforming platforms include PancakeSwap (down 25%) and Uniswap (down 22%). In comparison, according to defillama data, the trading volume of Ethereum DApps decreased by 9% during the same period, while Solana's on-chain activity decreased by 15%. Currently, the BNB Chain TVL is 8.1 million BNB, which is not much different from two months ago. However, as of the week of October 7, its network fees fell to the lowest level in more than four years, with a cumulative fee of 1,880 BNB, down 56% from the previous week. At the same time, Ethereum TVL is 19.2 million ETH, which is flat compared to two months ago; Solana TVL has risen to 40.9 million SOL, the highest level in two years, with a 26% increase in the past two months. (Cointelegraph)