Although Solana's total value locked (TVL) has not yet reached its all-time high of $10.03 billion in 2021, its activity in the NFT space is a positive development. However, Solana's recent performance has been underwhelming, particularly in the DeFi sector where its TVL has seen little growth. According to a recent analysis by Messari, the lackluster TVL performance may be due to the focus on consumer applications, and Solana may need to create more compelling applications to retain users. Despite this, Solana's focus on consumer applications, particularly in the NFT space, shows potential for growth in the future.
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Solana's TVL Growth Lags Behind Competitors Due to Focus on Consumer Applications, Messari Analysis Suggests
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