DeFi· ★★★· bearish·

Solana TVL drops $670M to $5.94B as network fees fall 15.2%

  • —Solana TVL fell $670M (10.1%) from $6.61B on Oct 5 to $5.94B on Oct 16
  • —$284M flowed out of protocols since Oct 12 alone
  • —Weekly network fees dropped 15.2% to $85.68M while DEX volume slipped just 4% to $13.68B
  • —SOL trades at $104.27, below its 20-day ($113.99) and 50-day ($109.36) averages
Why it matters: Capital outflows are a slower, more deliberate signal than fee swings, so a continued TVL decline would weigh on SOL and ecosystem revenue.
#SOL
Source: CryptoTicker
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