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Ethereum, Solana, and Avalanche tokens fall over 50% despite record network activity and lower fees.

Protocol Fundamentals
28 Jul 2026
Cointribune
View Source
Bearish
pluang ai news

Ethereum, Solana, and Avalanche blockchains have reached record transaction volumes and significantly reduced fees in 2026, thanks to major protocol upgrades. However, despite this surge in network activity, their tokens (ETH, SOL, AVAX) have lost more than 50% of their value over the past year. The price decline is driven by token inflation from staking rewards, dilution of existing tokens, increased competition from Layer 2 solutions, and reduced validator revenues due to lower transaction fees. This situation raises concerns about whether growing adoption alone can sustain or increase token prices in the long term.

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