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Solana fees drop 78% YoY, lowest since 2023; $14M stolen could test $75 price support

Protocol Fundamentals
11 Jul 2026
AMBCrypto
View Source
Bearish
pluang ai news

Solana's on-chain activity and fees have sharply declined, with total fees dropping 78% year-on-year to $51 million in Q2 2026, the lowest since late 2023. This decline reflects reduced network use amid a broader crypto downturn, despite signs of a potential market bottom and some recovery in stablecoins and tokenization. SOL token capital inflows are at a two-year low, with $24 billion in outflows recently, keeping price recovery fragile. A recent $14.2 million SOL theft from a whale account could trigger further selling pressure and test the critical $75 price support level.

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