Solana
Why Solana is down 1.5% today
Analysis
Solana (SOL) slipped about 1.5% over the past 24 hours as broader crypto ETP markets extended a multi-week outflow streak, which likely weighed on sentiment even though Solana itself still saw some inflows. At the same time, headlines noting Tron overtaking Solana in weekly Layer-1 transaction fees may have added competitive pressure to SOL’s narrative.
Contributing Factors (3)
Solana, XRP attract inflows despite 4-week crypto ETP outflows streak
Digital asset investment products saw outflows of over $173 million last week. Bitcoin and Ethereum recorded the most outflows amid broader price weakness. Solana and XRP maintained their inflow momen...
Tron Flips Solana in Weekly Layer-1 Transaction Fees
Tron is now the largest layer-1 chain in terms of transaction fee revenue.
Solana lands PayPal, Cardano gets USDCx – But why are SOL and ADA flat?
Traders want visible results before coming in with faith.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.