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.


