8th largest cryptocurrency by total market capitalization Left (LEFT) It took a serious hit and fell as low as $53. LEFT price this drastic fall, of course, LUNA caused by the crisis.
LEFT, Losing Blood
solan, Since the first day of 2022, the total value of locked tokens on the network has dropped by 60%. End at 18 months SOL, one of the best performing cryptocurrency projects, was ranked fourth for *TVL. Still ranked 4th in terms of the total value of the tokens locked in the network, SOL still has about 6 billion Lost more than a dollar of TVL.
TVL in Solana network, decentralized applications in its ecosystem (dApps) slumped to new lows this week as it fell to new lows.
For example, the decentralized lending and borrowing platform solend, staking platform Tulip also lost more than 11% of its TVL in the same time frame, while it fell more than 8% last month.
Staking platform Marinade Finance and decentralized exchange (DEX) protocol Serum, lost more than 48% and 42% of its locked total values, respectively.
Among other dApps contributing to the drop in total locked value Raydium, Atrix, Orca, Quarry, Francium, Saber and Mango Markets However, the applications that take a hit are not limited to these.
*TVL is the total value a DeFi platform has under its smart contracts.