Analysissolanaonchain metricsdecentralized financeperpetual futures
Solana Loses Value Despite Rising Network Activity
6.2
Solana's native token SOL dropped to $100.30 on Saturday, its lowest since April 2025, after an 18% 30-day correction and $165 million in liquidations amid broader market weakness. Despite the price decline, onchain activity surged: network fees jumped 81%, active addresses rose 62%, and transactions reached 2.29 billion, consolidating Solana’s DApp leadership. Annualized funding rates plunged to -17%, reflecting extreme bearish leverage.
Key Points
- 1Reports SOL falls to $100.30 after an 18% 30-day correction and $165M liquidations
- 2Shows onchain growth: network fees +81%, active addresses +62%, transactions 2.29 billion
- 3Indicates extreme leverage stress: SOL perpetual futures annualized funding at -17%, shorts paying to hold positions
Scoring Rationale
Substantive data-driven market update with strong onchain metrics and actionable signals; limited novelty and single-source reporting reduces breadth.
Sources
Public references used for this report.
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