SOL's recent poor performance has raised concerns among traders about a potential further decline in prices. Solana's on-chain DApp trading volume reached $20.9 billion for the week, ranking second, but it performed the worst among the top 10 blockchains, dropping 30% in 7 days. In comparison, Ethereum's on-chain trading volume decreased by 15%, while Sui dropped by 8%. Solana's network TVL reached its highest level in two years at 44 million SOL. According to DefiLlama data, the 16% monthly growth was driven by platforms like Binance Staked SOL, Jupiter, Drift, and Orca. On the downside, deposits for Jito, Sanctum, and MarginFi have seen a decline. (Cointelegraph)

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