Solana just got a really big hit after lido finance daoDao decided to stop its tvl product 

> Decentralized liquid staking giant Lido Finance has decided to discontinue accepting new requests for staking solana (SOL) token following Lido's LDO token holders' $lopsided voting in favor of halting the service.[source](https://www.coindesk.com/tech/2023/10/17/lido-finance-sunsets-solana-staking-product-after-dao-vote/)

To really understand how big of an impact this will have in the whole ecosystem read this.

> Solana's Total Value Locked (TVL) took a substantial hit on Tuesday, plummeting by $100 million in just one day. The steep decline follows liquidity staking platform Lido Finance's announcement that it will discontinue its services on the Solana blockchain.[source](https://www.fxstreet.com/cryptocurrencies/news/solana-loses-100-million-in-tvl-over-24-hours-after-lido-bids-farewell-202310170553)

The big question that is on everyone's mind is whether Solana is finally dead, so let's take a look at some information
Non-vote transaction
 https://i.imgur.com/228y7KD.png 

The number of unique addresses that signed transactions across Solana https://i.imgur.com/gjFPmXd.png 

The number of unique first signers to transact in the Solana Network.
# heading https://i.imgur.com/DsqslxW.png 

Transaction volume 
 https://i.imgur.com/eCfDM80.png 

On chain everything is bad . But we are in a bear market so it understandable to some extent .

so some good news for Solana the past months was 

Visa introduces settlement of USDC on Solana. This one is
quite notable if we consider a future architecture for payments and other use
cases made of public blockchains interacting with private (or public) financial
entities.
https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.19881.html

MakerDAO's founder is considering Solana SVM as Maker's
new native chain. This is part of Maker's "Endgame" upgrade plan, which is
expected to take 2-3 years and will have 5 stages.


Solana Pay integrated with Shopjfy..

https://thefintechtimes.com/solana-pay-integrated-into-shopify-to-give-merchants-a-more-efficient-payment-choice/#:~:text=Solana%20Pay%2C%20the%20decentralised%2C%20open,providing%20internet%20infrastructure%20for%20commerce.

So the good news are not good enough if we where in a bull market the price wouldn't even flinch. I believe Solana and Ftx futures were intertwine and sooner or later Solana will die to and then it will black out too. 


https://www.theblock.co/data/on-chain-metrics/solana

Posted Using [InLeo Alpha](https://inleo.io/@steemychicken1/is-solana-dead)