Solana TVL hits a new high in SOL pricing, with strong resilience in DEX activity, but SOL prices are still under pressure

Odaily Planet Daily News: Despite a 9% drop in SOL prices from March 28th to April 4th, Solana's on chain indicators have continued to strengthen. On April 2nd, the total lock up volume (TVL) of Solana network DApps reached 53.8 million SOLs, setting a new high since June 2022 and reaching $6.5 billion in US dollars, leading BNB Chain by approximately $780 million. The main DApps include Jito, Jupiter, and Kamino. During the same period, DEX trading volume showed strong performance, with Solana holding a 24% market share, surpassing BNB Chain (12%) and Base (10%). However, on April 4th, the unlocking of 1.79 million SOLs released significant selling pressure, coupled with the fading popularity of memecoin, there is still uncertainty about the short-term rebound of prices. Despite the MEV controversy, Solana still enjoys support from developers and users in terms of underlying scalability and Web3 experience, consolidating its second position in decentralized platforms. （Cointelegraph）