Solana's SOL price and TVL are down by 41% and 40% respectively. Will the $135 support level hold? Find out more about the recent Solana ecosystem trends here.
In the past month, Solana (SOL) has faced a 41% decrease from its all-time high of $295 on January 19th, dropping to $139. This price decline coincided with a 40% decrease in Total Value Locked (TVL) on the Solana network, indicating capital outflow from its ecosystem. According to DeFiLlama data, Raydium protocol recorded the highest drop with a 53% decrease. This decline led to a reduction in on-chain transaction volume on Solana from $97 billion in the second week of January to $11 billion in the recent week.
