Several prominent SVM public chains are experiencing significant capital outflows, according to data from DeFiLlama. Solayer's total value locked (TVL) has plummeted to approximately $14.96 million, marking a 97.13% decline from its peak. Eclipse's TVL has dropped to $1.38 million, a 97.18% decrease. Fogo's TVL stands at about $1.09 million, while Soon Network's TVL has nearly reached zero. Additionally, Fogo Chain has faced criticism for canceling its public sale due to overvaluation, with its token price crashing within three months post-TGE.
SVM Public Chains Face Severe Capital Outflows
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