Solana TVL tends to show its downside.
SBF’s FTX tremors shake the Solana ecosystem.
But still investors have a positive gut feeling in SOL.
The Rapid Collapse In Solana Blockchain
Total Value locked (TVL) goes low at 31.69% on the Solana blockchain, as the news of FTX’s crumble impacted it beneath the ground.
According to the DefiLlama, at the time of reporting, Solana TVL has declined to $427.98 million, down by 31.69% in the past 24 hours. SOL has fallen from its record level high of $10.17 billion as on November 8,2021.
TVL is one of the major indicators to help estimate the value of a smart contract protocol.The increase in TVL shows that more coins are stored in huge volumes inside the Decentralized Finance (DeFi) protocols.Whereas declining TVL implies that investors are withdrawing coins from the ecosystem due to some or other reasons.
One of its protocol Marinade Finance in the category of liquid staking is now reduced to $109.3 million of approx 22.81% in the last 2
We współpracy z: https://www.thecoinrepublic.com/2022/11/11/ftx-shock-waves-affects-solana-tvl/
