TechFlow news, April 6 — Despite a recent 9% drop in SOL price, the Solana ecosystem has shown strong growth momentum. On April 2, Solana's DApp total value locked (TVL) reached 53.8 million SOL, the highest since June 2022, equivalent to $6.5 billion, surpassing BNB Chain by approximately $780 million.
Projects including Jito, Jupiter, and Kamino have been major contributors. In terms of DEX trading volume, Solana holds a 24% market share, ahead of BNB Chain (12%) and Base (10%).
However, the unlocking of 1.79 million SOL on April 4 brought selling pressure, and fading memecoin enthusiasm adds uncertainty to SOL's short-term rebound. Despite MEV-related controversies, Solana continues to gain developer and user support due to its underlying scalability and superior Web3 experience, solidifying its position as the second-largest decentralized platform.
