Solana loses over $5 billion in TVL since all-time high, will SOL recover?

Solana (SOL) gained nearly 6% on Friday, rallying alongside Bitcoin, as the largest cryptocurrency regains $80,000 as support. However, the total value of assets locked in the Solana chain is down $5.26 billion from its peak, a near 50% drop. TVL represents demand and relevance for a chain, meaning Solana is negatively affected by the shifting market dynamics.