Solana TVL rises to 40.9 million SOL, a two-year high, up 26% in the past two months

Over the past week, BNB Chain saw a 37% decrease in on-chain activity and a 25% drop in DApp transactions. Poorly performing platforms include PancakeSwap (down 25%) and Uniswap (down 22%). In contrast, Ethereum DApp transactions fell 9% over the same period, while Solana saw a 15% decrease in on-chain activity, according to DefiLlama. Currently, BNB Chain TVL is 8.1 million BNB, little changed from two months ago. However, as of the week of October 7, its network fees fell to their lowest level in more than four years, with accumulated fees of 1,880 BNB during the period, down 56% from the previous week. Meanwhile, Ethereum TVL was 19.2 million ETH, the same as two months ago; Solana TVL rose to 40.9 million SOL, the highest level in two years, and has increased by 26% over the past two months. (Cointelegraph)