Solana DeFi experiences almost $700M in value wiped out after the FTX Fallout as FTX founder Sam Bankman-Fried was the prominent supporter of the network. When decentralized finance (DeFi) was at its peak in November it stored more than $10 Billion on the Solana blockchain. Additionally, the huge popularity of the Solana network was led by major industry-related proponents that include Sam Bankman-Fried.
Now, moving towards the next year, the total value locked (TVL) has dropped to just over $300 Million with FTX filing Chapter 11 bankruptcy proceedings and facing prosecution, Multicoin and Sino Global reporting multimillion-dollar losses and the Solana Foundation itself losing “tens of millions.”
It must be noted that Mr. Bankman-Fried’s downfall translated to generally falling sentiment for Solana, given his prominent endorsement of the Solana network.
In addition $10 Billion TVL on Solana network has declined over the recent year, and the price of SOL contributing to that dr
We współpracy z: https://www.thecoinrepublic.com/2022/11/17/solana-ecosystem-is-suffering-after-the-ftx-collapse/
