Data: Solana TVL drops to a six-month low, down 34% from the September high

According to Cointelegraph, the total value locked (TVL) in the Solana blockchain has dropped over 34% from its peak of $13.22 billion reached on September 14, falling to a six-month low of $8.67 billion on Wednesday, and has remained below $10 billion for the past 30 days.

Data from DefiLlama shows that the decline in TVL is primarily due to Jito's liquid staking, which has decreased by 53% since mid-September. Other major decentralized applications, such as Jupiter DEX, Raydium, and Sanctum protocol, have also seen declines of 30%, 46%, and 46%, respectively.