Marinade Finance’s UK access halt raises questions for Solana’s Total Value Locked , while SOL’s price sees turbulence amidst a potential reversal.network recently restricted access for users from the United Kingdom. This decision prompted concerns and inquiries regarding its potential implications for SOL and its Total Value Locked .
On 24 October, UK users of Marinade Finance found themselves unable to access the Decentralized Finance platform. Upon attempting to access the platform using a UK IP address, a message stating that access had been discontinued due to compliance issues was encountered.However, users were offered alternative links for withdrawing funds and unstaking their assets. This recent development held significant importance within theecosystem.
Similarly, when assessing Marinade Finance’s TVL, it appeared to have remained unaffected by the recent developments. At the time of this update, its TVL exceeded $265 million, indicating a substantial 10% increase in the past 24 hours. Furthermore, over the past week, there has been an impressive growth of over 90% in TVL.was trading at approximately $31, reflecting a decline of slightly over 1%. This decrease followed a notable 9% surge that occurred on 23 October.
Upon reviewing the daily timeframe chart, it became apparent that the current trajectory of SOL suggested the potential for a price reversal. This inference was supported by the Relative Strength Index line, which was trending above 80.has been on a bullish trend and reached the oversold territory, which might be the primary reason for the recent price decline rather than any specific developments in the ecosystem.