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Solana price is having a difficult year as concerns about the network remain. SOL has crashed by more than 70% this year, making it one of the worst-performing big-cap cryptocurrencies in the world. Its market cap has dropped to $12 billion.
Solana challenges remain
Solana is one of the biggest blockchain projects in the world. It is a smart contract project that makes it possible for developers to build quality decentralized applications (dApps). In fact, it has been used to build some of the biggest projects in the industry.
Some of the most popular dApps created in Solana are Solend, StepN, Audius, Brave, and Magic Eden among others.
Recently, however, there are challenges in its ecosystem. For example, the total value locked (TVL) in Solana’s ecosystem has dropped from more than $15 billion to the current $1.3 billion. This d
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