Key Notes

Solana’s transaction fee share has fallen from 50% to 9%.

Despite $417M in ETF inflows, DeFi activity shows visible fatigue.

SOL is trading at near $156, testing August support levels.

Solana SOL $155.1 24h volatility: 2.7% Market cap: $85.71 B Vol. 24h: $11.13 B slipped to its August lows around $156, following a sharp fall in its network dominance as traders rotated toward new high-activity chains like Hyperliquid and BNB Chain.

According t o DefiLlama , Solana’s share of the Layer-1 transaction fee market has tumbled from above 50% at the start of the year to just 9% now. In contrast, Hyperliquid has captured 40% and BNB Chain 20%, mostly fueled by derivatives trading volume and increasing DeFi activity.

Momentum Loss Despite Headline Suc

See Full Page