Overview
- Solana fell under the $80 mark after failing to clear $85 resistance, touching an intraday low near $78.30 before steadying, according to NewsBTC.
- Price action has turned choppy since an 11% drop from a $93 rejection, keeping traders focused on whether $78 to $75 holds as the next key support zone.
- On-chain use cooled in March as decentralized exchange volumes fell to $55.5 billion, network fees slid to $18.5 million, and total value locked dropped to about $6.3 billion, per DefiLlama data cited by multiple outlets.
- CoinShares reported $414 million of crypto ETF outflows last week, which analyst James Butterfill linked to worries about the Iran conflict and higher inflation expectations that can sap demand for risk assets.
- Despite the slowdown, Solana still leads in DApp revenue with 13 apps topping $1 million in the past month, and it is adding institutional rails such as staking products, brokerage custody, and more than $2 billion in tokenized real‑world assets.