Solana (SOL)

This steep decline after a 15% network outage on May 10 raises doubts about its scalability narrative under pressure. Solana's average transaction cost now sits at $0.01, but its 2,500 TPS throughput fell 40% during the outage, slower than the typical layer-1 benchmark of 4,000 TPS. Daily active users dropped 18% to 320,000, while total value locked slid $220 million to $3.1 billion. Despite a recent NFT market rebound, SOL's 24-hour volume of $1.8 billion signals selling pressure.