Solana price struggles to flip $150 to support — Is the SOL bull market over?

Quick Summary:

Related: Specialized purpose DEXs poised for growth in 2025 — Curve founderSolana is no longer the dominant network in DEX volumesThe drop in Solana’s onchain activity is particularly concerning given that BNB Chain surged to the top spot in DEX volumes, despite having 34% less TVL than Solana, according to DefiLlama data.

Some analysts argue that SOL price could significantly benefit from the eventual approval of a Solana spot exchange-traded fund (ETF) in the United States, as well as the expansion of tokenized real-world assets (RWA) on the Solana network, including stablecoins and money market funds. Others, like Nikita Bier, co-founder of TBH and Gas startups, believe Solana has "the fundamental building blocks for something to break out on mobile".

Some may argue that the Solana ecosystem extends far beyond memecoin trading and token launchpads, as total value locked (TVL) has grown across liquid staking, collateralized lending, synthetic assets, and yield platforms.

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Article Details

Author / Journalist: Cointelegraph by Marcel Pechman

Category: Crypto

Markets: United States

Topics: Solana Dapp Solana’s Market Onchain $150 Decline Million Memecoin Price March

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 21:23:26 (3 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 720 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27375941

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About Coin Telegraph

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