TVL held on Solana has declined by over 60%. User activity across the network also fell. SOL offered no respite to users as it has since fallen by 62%. Severely impacted by the sudden collapse of cryptocurrency exchange FTX, total value locked (TVL) held across decentralized finance (DeFi) protocols housed within the Solana [SOL] network
![Evaluating the state of Solana [SOL] ecosystem post FTX demise](https://images.cryptocompare.com/news/default/ambcrypto.png "Evaluating the state of Solana [SOL] ecosystem post FTX demise")
