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

MeNews · 2026-04-05T11:14:25+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 11:14:25

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ME News update, April 1 (UTC+8), After Solana native token SOL was rejected at $93 last Wednesday and dropped by about 11%, its recent performance has been clearly weaker than the overall 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 worried its price could further revisit the $75 level. In addition, in March, Solana network fees fell 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 dropped to $55.5 billion, the lowest level since September 2024. Solana’s current total value locked (TVL) is about $6.3 billion, which is still significantly behind Ethereum’s $54.1 billion. However, in the past 30 days, Solana network fees have still been more than 80% higher, mainly because Ethereum reduces mainnet fees through Layer2 Rollup and data Blob mechanisms. (Source: ChainCatcher)

SOL-1.3%

ETH0.19%

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