TechFlow News, April 7: According to data from DeFiLlama cited by KOL yyy, the TVL of the four high-performance SVM public blockchains—Solayer, Eclipse, Fogo, and Soon—that were once highly touted by the market has collapsed across the board. Specifically, Solayer’s on-chain TVL stands at just $14.96 million, down 97.13% from its peak; Eclipse’s on-chain TVL is only $1.38 million, down 97.18% from its peak; Fogo’s on-chain TVL has dwindled to $1.09 million; and Soon’s on-chain TVL has nearly hit zero. Fogo previously claimed to be “faster than the speed of light,” but was forced to cancel its public sale due to an inflated valuation; its token has suffered a near-total collapse—“knee-capped”—within less than three months since its TGE.
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