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..
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
I wouldn't say dead, I think there's still hope for them. But I can say I'm no longer a holder of Solana and haven't been for quite some time. I would say they have some dark days ahead if they can't pull a magic rabbit out of the hat so to speak...
Yes I believe that as the trial of SBF progresses more bad thinks about solana will come to light
they've taken an epic hit constantly being named in the FTX legal case. Interesting to see if it will bounce back from this one.
Yes and who knows what else might come to light
It didn't date now. If it had to expire, it would have gone to zero by now. We saw in this way that in the middle of the previous bear market and the pull market, those coins were also giving so much profit that were completely dead ed and which People were not willing to take it up and the project itself was almost non-existent.