The LAYER surge is quite strong, and my uncle is very curious about the relationship between the TVL of protocols like Solayer and their market value. Therefore, he examined the trading and TVL since its launch on February 12 and discussed the following:

👉TVL Change Observation

1️⃣ Before Layer's launch: TVL peaked at $520M, and quickly decreased after the launch on February 12.

2️⃣ Current Status: TVL has dropped to $122.55M, but has stabilized in the range of $120M±$20M over the past 30 days, with a slower rate of capital outflow.

👉$LAYER Price Historical Volatility

1️⃣ After the LAYER launch, the highest price reached 1.4, and then started to plummet in the following days, hitting a low of $0.7 (a 17.5% drop), with TVL shrinking to $120M, showing a high correlation with price.

2️⃣ Starting from early March: the price rebounded all the way to today's peak of $2.97, with TVL stabilizing at $120M, indicating a temporary decoupling between price and TVL.

👉Quantitative Indicators and Statistics

1️⃣ Trend Strength — 30-Day Moving Average (MA): Currently $1.62, slope +2.1%/week, medium-term trend is upward, but the trend is weakening.

2️⃣ Overbought/Oversold RSI: On April 26, RSI was 58, not overbought.

3️⃣ Volatility (annualized): 29.6%

Therefore, the TVL of Solayer and its price are gradually decoupling, reflecting a shift in the market from being driven by capital to being driven by sentiment. Of course, we cannot ignore the factors of the recent market trend shift. What does everyone think?