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Solana's DEX volumes hit 2024 lows, raising concerns over SOL price support at $80.

Market News
31 Mar 2026
Cointelegraph
View Source
Bearish
pluang ai news

Solana's decentralized exchange (DEX) volumes have dropped to their lowest levels in 2024, causing fears that the SOL token might retest the $75 support level after recent declines. Despite this, Solana outperforms Ethereum in DApp revenue, hosting more high-earning DApps, which supports the network's resilience. Ethereum's growing dominance in Layer-2 solutions challenges Solana's market share, contributing to bearish momentum for SOL. However, Solana's strong DApp ecosystem and higher network fees than Ethereum in the past month suggest the $80 support level could hold, offering some stability amid the volume drop.

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