Solana TVL falls over 34% from September peak

Solana's Total Value Locked (TVL) has fallen sharply, dropping over 34% from a September peak of $13.22 billion to its current level of $8.67 billion, according to Cointelegraph. The network's TVL has remained below $10 billion for the past 30 days. Additionally, Solana's network fees totaled $3.43 million last week, marking an 11% decrease from the previous week and a 23% decline compared to the previous month.