The Total Value of assets Locked (TVL) in Solana has decreased from $10B all the way down to $250M now. Truly a fall from grace.

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forceworks

Why does every crypto chart look exactly like this?

TabletopThirteen

This isn’t a Solana specific issue. I could copy paste this for just about every coin

Every_Hunt_160

The headline makes it seem like all the brands are fleeing, but in reality the truth is a lot simpler.

$10B -> 250M is a 97.5% decrease

Solana’s price is almost 95% down from ATHs

So most of the drop can simply be explained by Solana’s fall in price. The $100 worth in $SOL is now worth $5 as compared to ATH levels.

Edit: Apparently the charts show that it is 300m not 250m, so the 10B -> 300M drop mirrors the fall in Sol’s price from ATH almost perfectly

Tasigur1

This post will be a prime example of inverse r/CryptoCurrency.

Mark my words and check this comment in 2 years.

leonl07

And still, number 9 on the chart.

Embarrassed-Egg-545

If the TVL asset value was largely based on SOL then couldn’t the drop in TVL value also be explained purely by the drop in SOL token value? Maybe I’m missing something

sadsissyphus

$10B to $250M, finally an equal opponent to my portfolio.

BradVet

This is what happens in a bear market

Mannyth3great

This is probably the best time to buy

loksfox

Bear markets just feel like a blackhole sometimes, this is one of a lot of examples out there, i wouldn’t take this as “solana is done for”, there is a lot to look forward to, i would not ignore Solana, if it survives this bear market it will be huge in the next one.

daKiddo

This post is poorly made with inaccurate information. Your own chart contradicts your statement and you are not taking into account the price of $SOL.

Junnowhoitis

Talk about misleading. Tvl is based in sol locked up so it’s tied to the asset price. A better representation would be if it was represented in sol not usd. Which paints a better picture and is now rising.

But it’s also worth noting it has the mcap/tvl of 13.81 which is considered low

https://defillama.com/chain/Solana?currency=SOL

Silver-dutch

Given the crash of the last 12 months, lots of Tokens are available at low prices, and use cases are improving, so Solana will be competing for mind space and cash

ixiZlatter18ixi

My guy has basically explained a bear market 😂 good grief!

Vivid-Protection5194

I’m seriously considering adding some SOL to my portfolio during this bear market.

What are the thoughts on SOL around here? I wonder what people have to say about the downtimes it had over the past couple of years.

4ucklehead

I’m still kicking myself for not selling my sol when it was up like 700%. I’m a flaming 🔥 idiot and I deserve to be put in crypto jail or something

lucidvein

And yet the network and adoption is better than it ever was. Don’t let the price fool you.

Visa adopted SOL for USDC settlements. Shopify uses SOL. Rndr network switched to Sol. Helium switched to Sol. This is the actual news not OP posting that TVL and SOL is down in a bear market.

The network stability and speeds have both improved. Bear markets have taken most alts down 90%+, but SOL is likely to outperform most cryptos in the next bull run.. especially those in the top 10.

Even the FTX SOL is locked up in a vesting schedule through 2028.

Ofulinac

Major F but realistically there is no need for many blockchains to divide Dapps, developers and funds between them when Ethereum does everything they do and more.

Vivid-Protection5194

Yet, it’s #10 in market cap.

BlockChad

Wow. That’s what killing ETH looks like 💀

DisciplineInternal26

It’s the reality for so much crypto

lg-kantic

Jesus thats looks like a graph of my portfolio

Jlt42000

I don’t think anyone smart ever thought sol was an eth killer.

Rogueofoz

Isn’t the TVL of everything down, we are in the bear market this is expected

Elie0_0

The fact that their network went down so many times in such a short time gave them a bad reputation

pbjclimbing

FTX is going to liquidate 50.5 million SOL.

This will likely be a series of OTC deals since the tokens have linear unlocks until 2028 (2 contracts). Less than 10 million are able to be sold now.

Lhadar31

It is all due to bear market, people run away during bear and come in drove during bull which will come charging for sure! Then Sol will touch new ATH of $666

DontLookAtTheM00N

Every alt coin looks like this, and btc and eth aren’t far off. This post doesn’t exactly spread light on something we all already don’t know.

NaturephilicReaction

Its trendy to hate on Solana, so I’ll give you guys some perspective. Even after solanas TVL crashed from 10b to 300m, it still has double the TVL of cardano. Why does no one mention that fact?

GaRGa77

So SOL will go up ? 🤣

Traditional-girl-702

That is because liquidity is moving from alts into BTC. BTC dominance continues to rise

Eldeanio100

I hold a bag, I’ll keep adding more and more – this is going to be huge. I easily see SOL hitting €500 early next year

OtherTansition

Solona: We are out of reach at the moment ,we will come back soon

DrDynamicyt

too many Hacks also happend on Solana Network

fnetma

It was pumped 100% by FTX…

KingofTheTorrentine

SOL will absolutely never return to its old heights due to FTX.

J-E-S-S-E-

A shitcoin

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