Solana's total value locked (TVL) experienced a sharp decrease from $313 million to $210 million on Tuesday, due to Lido Finance's decision to leave the network. This decision was driven by a peer-to-peer Validator proposal and backed by a community vote through the DAO forum. Despite the significant fall in TVL, holders of stSOL, a token associated with Lido Finance, are assured of continued network rewards.
In an unexpected turn of events, Lido Finance saw a 24-hour increase in its own TVL amidst its transition away from Solana. The specifics of this increase were not detailed in the context provided.
Meanwhile, Solana's native token SOL demonstrated resilience amidst these changes. It maintained a steady trading value around $24, marking a 9% daily increase on Tuesday. The token's robust performance indicates investor confidence despite the volatility introduced by Lido Finance's departure from the network.
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