Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Solana's on-chain activity plunges 80% as traders shift to perpetual futures on Hyperliquid.

Protocol Fundamentals
16 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Solana's blockchain activity has sharply declined, with decentralized exchange volumes dropping over 50% and DApp revenue hitting an 18-month low of $22 million in March 2026. The fading meme coin craze and a major shift of traders to Hyperliquid, which now dominates over 80% of the perpetual futures market, have driven this downturn. SOL's price has struggled, repeatedly testing support near $80 and recently dipping below $76, reflecting bearish sentiment. This decline in activity and revenue may lead developers to reconsider building on Solana, posing risks for investors.

More News (SOL)

Solana jumps 7% as easing U.S.–Iran tensions boost crypto market risk appetite

Solana jumps 7% as easing U.S.–Iran tensions boost crypto market risk appetite

Solana (SOL) surged about 7% over two days, leading altcoin gains amid easing U.S.–Iran tensions that improved risk sentiment across global markets. The rally was driven by macro factors rather than Solana-specific news, with trading volume rising 24...

Market News
Bullish
12 hours ago
Solana nears $77 resistance; a break could trigger rally to $100, but bears still control price action.

Solana nears $77 resistance; a break could trigger rally to $100, but bears still control price action.

Solana (SOL) has gained 13% in the past week, nearing a key resistance level at $77 amid easing geopolitical tensions and lower oil prices. The upcoming Federal Reserve meeting and new chairman's stance on interest rates will be crucial for SOL's nex...

Technical Signals
Neutral
12 hours ago
Investors buy 259,000 Bitcoin in 10 days as accumulation hits peak, signaling possible market bottom.

Investors buy 259,000 Bitcoin in 10 days as accumulation hits peak, signaling possible market bottom.

Over the past 10 days, investors have purchased a net total of 259,298 Bitcoin between $59,000 and $67,000, marking the strongest buying interest during the current price drawdown. This broad-based accumulation spans all wallet sizes, reversing previ...

Market News
Neutral
14 hours ago
Ethereum, Solana, and XRP spot ETFs see inflows while Bitcoin ETFs face $64M outflows on June 15

Ethereum, Solana, and XRP spot ETFs see inflows while Bitcoin ETFs face $64M outflows on June 15

On June 15, Ethereum, Solana, and XRP spot ETFs attracted net inflows, signaling growing investor confidence in these cryptocurrencies. In contrast, Bitcoin spot ETFs experienced $64.09 million in net outflows, reflecting a shift in preference among ...

Market News
Bullish
15 hours ago
Bitcoin tops $66,000 as crypto ETFs see outflows but market matures, signaling a new 'crypto winter' phase.

Bitcoin tops $66,000 as crypto ETFs see outflows but market matures, signaling a new 'crypto winter' phase.

Bitcoin surged past $66,000 while Ethereum and Solana also gained, driven by easing geopolitical tensions and renewed risk appetite. Despite about $3 billion in outflows from Bitcoin ETFs, experts say this reflects market maturation rather than decli...

Market News
Bullish
16 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App