Solana DEX trading volume drops to a low for the period, with SOL losing the $80 level as risk focus

MeNews · 2026-04-05T11:54:55+00:00

Solana's native token SOL retreated about 11% after facing resistance at $93, with recent performance significantly weaker than the market, testing the $80 support level multiple times. Network fees have declined for two consecutive months, dropping to $18.5 million in March, mainly influenced by DEX trading volume. The current total value locked (TVL) is approximately $6.3 billion, noticeably lagging behind Ethereum.

MeNews

2026-04-05 11:54:55

Abstract generation in progress

ME News message, April 1 (UTC+8), After Solana native token SOL met resistance around $93 last Wednesday and fell by about 11%, its recent performance has been clearly weaker than the broader crypto market, and it has repeatedly tested the $80 support level. Meanwhile, Solana network fees have been declining for two consecutive months, and the market is concerned that its price could further retrace to the $75 level. In addition, in March Solana network fees dropped to $18.5 million, down 42% from $30 million in January. This was mainly driven by a contraction in decentralized exchange (DEX) trading volume; data shows Solana DEX trading volume has fallen to $55.5 billion, the lowest level since September 2024. Solana’s current total value locked (TVL) is about $6.3 billion, still significantly lagging behind Ethereum’s $54.1 billion. However, over the past 30 days, Solana network fees have still been more than 80% higher, mainly because Ethereum reduces mainnet fees through its Layer2 Rollup and data Blob mechanisms. (Source: ChainCatcher)

SOL-2.01%

ETH-0.31%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes