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Solana TVL drops 32.4% as FTX turmoil rocks ecosystem

Published 11/09/2022, 09:07 PM
Updated 11/09/2022, 10:40 PM
Solana TVL drops 32.4% as FTX turmoil rocks ecosystem

The total value locked (TVL) on the Solana chain has plummeted 32.4% in the last 24 hours, as news stemming from the collapse of FTX has sent waves through the crypto ecosystem.

According to DefiLlama, at the time of writing, Solana’s TVL has fallen to $423.68 million, down 32.4% in the last 24 hours, a far cry from its all-time-high (ATH) of $10.17 billion on Nov. 9, 2021.

Total value locked within the Solana ecosystem Source: DefiLlama

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After SOL's downfall,will it be rise again to its norm
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