Solana just got a really big hit after lido finance daoDao decided to stop its tvl product
Decentralized liquid staking giant Lido Finance has decided to discontinue accepting new requests for staking solana (SOL) token following Lido's LDO token holders' $lopsided voting in favor of halting the service.source
To really understand how big of an impact this will have in the whole ecosystem read this.
Solana's Total Value Locked (TVL) took a substantial hit on Tuesday, plummeting by $100 million in just one day. The steep decline follows liquidity staking platform Lido Finance's announcement that it will discontinue its services on the Solana blockchain.source
The big question that is on everyone's mind is whether Solana is finally dead, so let's take a look at some information
Non-vote transaction
The number of unique addresses that signed transactions across Solana 
The number of unique first signers to transact in the Solana Network.
heading 
Transaction volume
On chain everything is bad . But we are in a bear market so it understandable to some extent .
so some good news for Solana the past months was
Visa introduces settlement of USDC on Solana. This one is
quite notable if we consider a future architecture for payments and other use
cases made of public blockchains interacting with private (or public) financial
entities.https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.19881.html
MakerDAO's founder is considering Solana SVM as Maker's
new native chain. This is part of Maker's "Endgame" upgrade plan, which is
expected to take 2-3 years and will have 5 stages.
Solana Pay integrated with Shopjfy..
https://thefintechtimes.com/solana-pay-integrated-into-shopify-to-give-merchants-a-more-efficient-payment-choice/#:~:text=Solana%20Pay%2C%20the%20decentralised%2C%20open,providing%20internet%20infrastructure%20for%20commerce.
So the good news are not good enough if we where in a bull market the price wouldn't even flinch. I believe Solana and Ftx futures were intertwine and sooner or later Solana will die to and then it will black out too.
https://www.theblock.co/data/on-chain-metrics/solana
Posted Using InLeo Alpha
