The total locked value (TVL) of the SOL blockchain has dropped to $8.67 billion, hitting a six-month low. This figure has decreased by over 34% from the peak of $13.22 billion on September 14, and the TVL has remained below $10 billion for nearly 30 days.
Data shows that this decline is primarily influenced by a significant drop of 53% in Jito's liquid staking, with several mainstream decentralized applications also experiencing varying degrees of decline. Currently, the cryptocurrency market is facing liquidity constraints, and investor sentiment is cautious; however, SOL still benefits from long-term support factors such as institutional capital inflows, and short-term market volatility still requires attention.
