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-0.00103068262903361 -0.00087211607072068 3.96416395781769E-05 0.00150638230397207 0.0112978672797907 0.00753191151986037 0.00120907000713541 0.0117735669547292
Stock impact report

Is Solana Dying? DEX Trading Volume Drops 95% as SOL Price Continues to Fall [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Despite declining on-chain activity, Solana continues to attract investment and infrastructure development. SOL's price remains at a crossroads amid a significant drop. Solana's network activity has declined sharply in recent months, with trading volume on decentralized exchanges (DEXs) falling by approximately 95%. The downturn comes as the blockchain's native token remains under pressure, despite continued inflows from institutional investment and expansion. On-chain data indicates a significant contraction in trading activity on Solana-based decentralized exchanges. According to blockchain analytics, the total value of Solana spot DEX trading volume has declined by 95% to $1.7 billion from its peak of $38.4 billion in January. The number of active addresses interacting with Solana-based decentralized exchanges fell to approximately 2.85 million during the week of Dec. 8–14, marking the lowest level in a year. This represents a sharp drop from January, when active add Show less Read more
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