Solana Down 31% in 2026 Despite Record TVL and Exploding Memecoin Volume

"Despite achieving a record total value locked (TVL) in its ecosystem and witnessing a significant surge in the volume of memecoins, Solana has experienced a dramatic decline of 31% in its market value in 2026. This unexpected downturn raises questions about the underlying factors impacting the blockchain platform's performance, even as it gains popularity and utilization among investors and traders." source: https://blocknews.com/solana-down-31-in-2026-despite-record-tvl-and-exploding-memecoin-volume/