Introduction

In this bounty, we'll be exploring what has happened to the Solana TVL or Total Liquidity in $, in the past 30 days.

Data Sources

This bounty's data source(s) are powered by Defi Llamma's API ❤️

TVL on Solana - Last 30 days

Let's look at the TVL on Solana for the past 30 days and see what really happened [1].

Over the past 30 days, we can see that Solanas overall TVL is on a steady decrease. We can see that there was a sharp drop around the 9th of May which correlates with USTs de-peg and a lot of irrational fear in the markets following that. It seems to have a bounce on the next day 10th of May, but on the following days, it has continued to steadily decrease.

There are a few factors that are leading to this decrease in TVL an equivalently price. Solana going down (again), as well as UST de-pegging, markets going risk off due to FED increasing interest rates. The sentiment seems to have decreased dramatically, although the daily posts about SOL still seem to be at an all-time high 🤔

Summary

The sentiment for Solana will be hard to change, especially since it went down again very recently. Overall there's still a lot of momentum riding the project, so I do not think that it's going anywhere anytime soon. Although they need to create a better sentiment for them around being decentralized, especially after the recent event, the chain going offline again.

Personal Grudges

Personally, I'd like Solana and more specifically Solscan to publish better analytics/metrics, more standard ones such as the one that EtherScan or equivalents of other chains post. (personal grudge)