Solana is struggling with worsening on-chain metrics, Cointelegraph reported. The analysis noted that the network's Total Value Locked (TVL) has fallen by over $10 billion from its all-time high of $1...

Solana is struggling with worsening on-chain metrics, Cointelegraph reported. The analysis noted that the network's Total Value Locked (TVL) has fallen by over $10 billion from its all-time high of $15 billion in September. Additionally, weekly DApp revenue has dropped to $26 million from $37 million two months ago. Activity in Solana-based memecoins has also decreased by 67% since January. The report added that the annualized funding rate is at 6%, indicating weakening demand for long positions.

Analysis: SOL struggling amid declining network activity

Strategy chair Michael Saylor has hinted at his firm’s next Bitcoin buy as the markets tanked again late on Sunday, with some observers blaming the Bank of Japan for the selling pressure.
Bitcoin (BTC...

Michael Saylor hints at next Bitcoin buy as BTC falls below $88K

"Legitimate" Harvesting? The Profit Chain and Scandals Behind the Trumps' Meme Coin Frenzy

The CEO of Nansen recently issued a blunt warning about the future of Ethereum, stating that the world's second-largest blockchain network is at serious risk of falling behind within the next five years if...