Solana Dominance Dies with SOL Price Hitting August Lows
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.