Solana TVL hits a new new in Sol, DEX folders show strength – will the Sol PRICE reaction be?

The original Solana symbol (SOL) decreased by 9 % between March 28 and April 4, but many major standards have grown during the same period. Despite the decline in Sol prices, the Solana Network continues the competitors network, while maintaining its second position in deposits and trading volume. Traders are now wondering about the time that Sol will take to reflect on this Onchain power.

Solana outperforms his competitors in TVL deposits and Dex folders

The interesting investor’s interest can be linked to Sol to the sales pressure, because these symbols were mired in April 2021, when Sol was traded near $ 23. Another factor is the decrease in the MEMECOINS interest, which was a major engine to adopt the new user on Solana. With fewer speculation flows, growth in the activity may not be translated into immediate prices.

Many cryptocurrencies bearing the theme of the M, including WiF, Pengu, Popcat, AI16Z, BOME and ACT, have witnessed 20 % or more declines over the past seven days. However, despite the exacerbation of market conditions, the Solana network outperformed some competitors. The total closed value (TVL) has risen to the highest level since June 2022, while decentralized exchange volumes (DeX) showed noticeable flexibility.

DAPPS deposits for Solana Network increased to 53.8 million Sol on April 2, which represents a 14 % increase from the previous month. In the US dollar periods, a total of $ 6.5 billion is $ 780 million before its closest rival, BNB Chain. Top DAPPS includes Solana by TVL Geto (liquid liquid), Jupiter (Pioneer Dex), and Caminho (lending and liquidity platform).

Solana gains support for expansion, and the Web3 concentration despite Mev’s fears

Although it has not been a direct threat to ETHEREUM networks worth $ 50 billion, on Solana’s Onchain data shows greater flexibility compared to the BNB, Tron and Etherum Layer-2 series like al-Qaeda and Arvi. In decentralized exchange volumes (DeX), Solana has a 24 % market share, while the BNB series represents 12 % and picks up a 10 % base, according to the data of Defillama.

While Ethereum regained the lead in DeX sizes, Solana showed strong elasticity after the Memecoin bubble explosion. For context, the weekly Raydium sizes fell by 95 % of $ 42.9 billion ever in mid -January. However, Solana has proven that traders appreciate their focus on the ability to expand the basic layer and the integrated Web3 user experience despite the continuous criticism of the extractable value (MEV).

In short, MEV happens when auditors rearrange transactions for profit. This practice is not unique for Solana, but some market participants-such as CBB0FE, a liquidity provider for decentralized financing that declared itself self (Defi)-raised concerns about guarding the internal gate. Although it is not mentioned directly, cash most likely indicates the incentives provided by Solana Labs to compensate for the high investment and maintenance costs required by some auditors.

Supporters argue that Solana’s symbol emissions argue that the bonuses gained through mev already provides sufficient incentives for stigmatizers to secure the network, eliminating the need for more inflationary pressure on Sol. Meanwhile, Loring Harkness, the primary contributor to the shutter network, calls for encryption transactions before Mempool enters as a way to prevent auditors from handling their ranking.

Solana growth in TVL and the flexibility of the Dex market share may not be sufficient to re -test the 200 dollar level in mid -February. However, it firmly got its second position in the second place behind Ethereum as a leading platform for decentralized applications, with the support of consistent activity, infrastructure development, and increasing attention from both developers and users.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.