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The total value of the assets that are currently locked up in Solana has dropped from $10B to $250M.

 The total value of the assets that are currently locked up in Solana has dropped from $10B to $250M.

I don't want to instill any more dread in Solana at this time, especially because I am also a keeper of it, but Solana's rise and fall are undoubtedly events that will go down in history. 

SOL was anticipated to be the next big breakthrough and was even legitimately viewed as a "ETH killer" back in 2021. 

SOL even had a parabolic spike in the middle of BTC's collapse in May 2021 as a result of China FUD.

But when the bear market hit, Solana had to also collapse like everyone else, going from a price of $250 to currently just $18. However, this is not the only thing that decreased:


Total Value Locked, or TVL, displays the aggregate value of all the assets on a network. It is frequently used as a metric to assess a Crypto's authenticity.


Here, the decline is even more dramatic, going from over $10B to currently barely $250M. Of course, we also cannot overlook the forthcoming FTX liquidations that will probably take place during the following years.


So certainly, I don't want to incite people to sell all of their SOL, but even though we laugh about it, everything is possible in the world of cryptocurrency, and we have already witnessed the biggest comebacks with Bitcoin. 


So, maintain your fortitude and be sure to monitor the most recent news.

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