Solana celebrates six months of stability as market struggles for recovery

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Solana shines with 100% uptime, defying past struggles. User counts hold steady despite questions. As SOL battles trends, its resilience faces a crucial test below support.

revealed that the network’s last downtime occurred in February. In contrast, the network experienced downtime on 14 occasions in the prior year, encompassing minor and substantial disruptions., the count of daily active users has remained relatively steady, displaying no significant shifts. While a slight decrease in the tally of daily active users was noticeable, this decline did not wield adequate influence to render the network either stable or unstable.

As of this writing, the daily active user count was over 88,000. In comparison, during the same period in 2023, the count was nearly 200,000.However, a clear and conspicuous downtrend was notably evident in the Total Value Locked . Following its zenith at approximately $9.7 billion in 2021, the TVL has considerably reduced. At present, TVL is registered around $304 million.experienced a substantial decline toward the previous year’s close, followed by a recovery at the start of the present year.

 

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