The post Solana Dominance Dies with SOL Price Hitting August Lows appeared com. 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 to 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 Success However, over the weekend, the network celebrated a series of major milestones, including the record-breaking debut of the Solana Staking ETF (BSOL) on the NYSE, Grayscale’s launch of the GSOL trust, and $284 million in Solana ETF inflows, according to SoSoValue data. Additionally, Visa and Shopify continue to integrate Solana’s high-speed payment infrastructure, while Western Union’s decision to build stablecoin remittance rails exclusively on Solana also indicates massive fundamental strength. Veni, vidi, vici. ⚔️ Solana conquered Wall Street in a (seriously!) record-setting week for the history books. Meanwhile, sleepless devs dared to finalize their Colosseum entries at the last minute as the ecosystem repeated a familiar mantra: just one more hard quarter. Here. pic. twitter. com/udQIgTUt7y Solana (@solana) November 2, 2025 However, these successes have failed to prevent SOL price decline along with the broader crypto market. The altcoin has crashed a massive 32% in the last 30 days, dropping to the 6th position in the market with a market cap of $86. 57 billion, according to CoinMarketCap data. Amid waning activity and sharp pullbacks, Solana DAT firm.