Although SOL's price has dropped 9% from March 28 to April 4, Solana's important on-chain indicators still tend to increase. On April 2, the total locked volume (TVL) of Decentralized Applications (DApps) on the Solana network reached 53.8 million SOL, equivalent to about $6.5 billion, surpassing BNB Chain by around $780 million. Core DApps like Jito, Jupiter, and Kamino play a crucial role in this growth.
The trading volume on Solana's decentralized exchange (DEX) also performed well, accounting for about 24% of market share, surpassing BNB Chain (12%) and Base (10%). However, the unlocking of approximately 1.79 million SOL on April 4 created strong selling pressure, along with the decreased interest in memecoins, making the short-term price recovery uncertain.
Despite controversies surrounding MEV, Solana continues to receive recognition from developers and users for its scalability base and Web3 user experience, consolidating its second position among decentralized platforms. This content only reflects market information and is not investment advice.
