PANews reported on December 28 that according to Cointelegraph, SOL's poor performance in recent days has caused traders to worry that prices may fall further. Solana's on-chain DApp transaction volume ranked second with a weekly transaction volume of US$20.9 billion, but it performed the worst among the top 10 blockchains, falling 30% in 7 days. In contrast, Ethereum's on-chain transaction volume fell by 15%, while Sui fell by 8%. Solana network TVL reached a two-year high of 44 million SOL. According to DefiLlama data, the monthly growth of 16% was driven by platforms such as Binance Staked SOL, Jupiter, Drift and Orca. On the downside, deposits from Jito, Sanctum and MarginFi have declined.
Solana’s DApp weekly transaction volume reached $20.9 billion, down 30% from the previous month
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