Solana's on chain TVL hits a new high in SOL pricing, DEX is active, but SOL prices are still under pressure According to Cointelegraph, despite a 9% drop in SOL prices between March 28th and April 4th, key indicators on the Solana chain continued to strengthen. On April 2nd, Solana DApp's TVL reached 53.8 million SOLs, setting a new high since June 2022, at approximately $6.5 billion in US dollars, leading BNB Chain by approximately $780 million. Core DApps such as Jito, Jupiter, and Kamino are the main drivers of growth. During the same period, Solana's decentralized exchange (DEX) showed strong trading volume, accounting for approximately 24% of the market share, surpassing BNB Chain (12%) and Base (10%). However, the unlocking of approximately 1.79 million SOLs on April 4th released significant selling pressure, and coupled with the decline in popularity of memecoin, the short-term price rebound still faces uncertainty. Despite the ongoing controversy surrounding MEV, Solana continues to gain recognition from developers and users for its underlying scalability and Web3 user experience, consolidating its second largest position in decentralized platforms.