Is Solana Dying? DEX Trading Volume Drops 95% as SOL Price Continues to Fall

Key Takeaways

• Participation connected Solana-based decentralized exchanges has fallen significantly.

• Despite declining on-chain activity, Solana continues to pull concern and infrastructure development.

• SOL’s terms remains astatine a crossroads amid a important drop.

Solana’s web enactment has declined sharply successful caller months, with trading measurement connected decentralized exchanges (DEXs) falling by astir 95%.

The downturn comes arsenic the blockchain’s autochthonal token remains nether pressure, contempt continued inflows from organization concern and expansion.

On-chain information indicates a important contraction successful trading enactment connected Solana-based decentralized exchanges.

According to blockchain analytics, the full worth of Solana spot DEX trading measurement has declined by 95% to $1.7 cardinal from its highest of $38.4 cardinal successful January.

The fig of progressive addresses interacting with Solana-based decentralized exchanges fell to astir 2.85 cardinal during the week of Dec. 8–14, marking the lowest level successful a year.

This represents a crisp driblet from January, erstwhile progressive addresses peaked astatine astir 24 million.

Meanwhile, Solana exertion gross has plummeted a whopping 96% from $40.6 cardinal to nether $1.4 million.

The diminution successful web enactment contrasts with continued concern and infrastructure improvement crossed the Solana ecosystem.

At the Solana Breakpoint 2025 league past week, Coinbase announced it would grow entree to Solana-based tokens by integrating them straight into its platform.

Speaking astatine the event, Andrew, a protocol specializer astatine Coinbase, said, “We deliberation those markets should beryllium accessible to each of our users.”

The integration enables users to commercialized Solana-based tokens done Coinbase’s modular interface, eliminating the request for further steps.

“On the aboveground it looks the aforesaid arsenic existing centralized trading, but connected the backend each functions run on-chain,” technologist Sabs Sachdeva added.

Solana’s terms remains nether unit arsenic method indicators proceed to awesome downside risk, contempt caller attempts astatine stabilization.

At the clip of reporting, SOL was trading astatine astir $132, down astir 4% implicit the past 7 days.

According to expert Valdrin Tahiri, SOL has been trading wrong an ascending parallel transmission since Nov. 21, a operation that often reflects corrective terms enactment alternatively than a sustainable uptrend.

“The SOL terms has traded wrong an ascending parallel transmission since Nov. 21,” Tahiri said, adding that “these channels usually incorporate corrective movements, truthful an eventual breakdown is likely.”