In May 2026, Solana generated $91 million in application revenue, outpacing Ethereum's $52 million and other blockchains like Hyperliquid and Polygon. This revenue reflects fees from decentralized apps, indicating strong real economic activity on Solana's network, especially in trading and token creation. Despite this fee dominance, Solana's token price remains weak, trading near $81 after eight consecutive months of decline. Institutional interest remains steady, with Solana ETFs attracting over $1.13 billion in inflows. Continued high trading volumes could strengthen Solana's position as the leading blockchain for app revenue, but reliance on volatile memecoin activity poses risks to sustained growth.
Solana (SOL) is entering its ninth consecutive red monthly candle, a historic first, signaling a critical phase in its price decline. The $80 to $50 range is identified as a key accumulation zone where buyers might step in to form a long-term base. A...
Bitcoin dropped over 3.8% to below $70,000, hitting multi-week lows after MicroStrategy sold 32 BTC worth $2.5 million to pay preferred stock dividends, marking its first public bitcoin sale since 2020. This sale, though small relative to MicroStrate...
Solana's decentralized exchange (DEX) trading volume plummeted about 82% in two weeks, dropping from $104.3 billion to $18.8 billion, driven by a sharp decline in new meme coin launches that once fueled speculative trading. The largest DEX, Meteora, ...
Solana's price remains around $79.50, trapped in a $76-$90 range with network users dropping from 3 million to under 2 million and declining decentralized exchange activity. The token has recorded an unprecedented 8 consecutive red monthly candles, s...
Solana developer cavemanloverboy introduced proposal SIMD-547 to overhaul SOL tokenomics by adding a new base fee for transactions, increasing the amount of SOL tokens burned. This change aims to reduce inflation and could make SOL deflationary durin...
