DeFi Shifts: Solana's TVL Plummets, DTX Exchange Surges

Solana's Total Value Locked (TVL) has dropped below $7 billion, raising concerns among experts who warn that the SOL price could plummet to $100. This development has led to a shift in investor interest towards platforms like DTX Exchange, which offers a presale token with a $0.36 listing price and potential 2x returns.

DTX Exchange has seen its token price surge to $0.18 during the presale's bonus stage, an 800% increase from $0.02. The platform has raised over $15.3 million from more than 720,000 investors, prompting an extra bonus round with a projected listing price offering a potential 2x return after launch.

DTX Exchange stands out by combining regular trading with blockchain technology, allowing users to trade stocks, crypto, currencies, and over 1,000 ETFs in a single platform without needing separate accounts. Its Phoenix Wallet serves as an all-in-one tool for managing these diverse investments. With over 120,000 trading options available, DTX caters to traders seeking flexibility without juggling multiple platforms.

Independent security audits by SolidProof have reinforced investor confidence in DTX's technical architecture and governance structure. The exchange's Layer-1 blockchain foundation processes up to 200,000 transactions per second, ensuring sufficient capacity for high-frequency trading activities without performance degradation.

The Solana ecosystem has experienced a significant contraction, with its TVL dropping below $7 billion for the first time in months. This indicates diminishing capital commitment, as the current SOL price hovers around $131 after a 6% daily decline and a 25% weekly drop. The token has recently tested the critical support level at $128, which technical analysts consider a pivotal threshold for determining future price direction.

Data from Solana's network shows declining activity in its DeFi apps, with fewer transactions happening even after upgrades meant to boost performance. Despite a 43% monthly price crash, Solana remains a top 6 cryptocurrency with a $65.8 billion market value. Trading tools like RSI and MACD – which measure price trends – flash red, signaling the current slump could worsen and push prices lower in the next few weeks.

Prominent crypto analyst Michael van