According to ChainCatcher, although SOL prices fell 9% from March 28 to April 4, Solana's on-chain indicators continued to strengthen. On April 2, Solana Network DApp total lockout (TVL) reached 53.8 million SOL, a new high since June 2022, reaching USD 6.5 billion, leading BNB Chain by approximately USD 780 million. The main DApps include Jito, Jupiter and Kamino. DEX trading volume showed strong during the same period, with Solana accounting for 24% of the market share, surpassing BNB Chain (12%) and Base (10%). However, on April 4, the unlocking of 1.79 million SOL released obvious selling pressure, and the popularity of memecoin has faded, and there is still uncertainty in the short-term rebound of prices. Despite the MEV controversy, Solana still gains developers and users’ support in terms of underlying scalability and Web3 experience, consolidating its second position in the decentralized platform.