• Marinade Finances halted access to UK users due to compliance issues.
• Solana and Marinade Finance’s TVL have remained unaffected by the recent development.

A major Decentralized Finance (DeFi) platform on the Solana [SOL] network recently restricted access for users from the United Kingdom. This decision prompted concerns and inquiries regarding its potential implications for SOL and its Total Value Locked (TVL).

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Solana’s Marinade halts UK access

On 24 October, UK users of Marinade Finance found themselves unable to access the Decentralized Finance platform. Upon attempting to access the platform using a UK IP address, a message stating that access had been discontinued due to compliance issues was encountered. 

However, users were offered alternative links for withdrawing funds and unstaking their assets. This recent development held significant importance within the Solana ecosystem. This was because Marinade Finance was the largest contributor to the TVL on the network. Did this development impact Solana’s and Marinade Finance’s TVL?

Analyzing Solana’s TVL

Upon examining the TVL of Solana on DeFiLlama, it was evident that there had been no adverse impact on the overall trend. This was despite the largest TVL contributor restricting access for some users. Furth

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Author: Adewale Olarinde

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