SolanaDEX trading volume fell to stage low SOL lost risk focused on $80

According to market news, Solana's native token SOL fell by about 11% after being blocked at US$93 last Wednesday. Its recent performance is significantly weaker than the overall crypto market, and it has tested the US$80 support level many times. At the same time, Solana network fees have fallen for two consecutive months, and the market is worried that its price may further backtest the $75 level. In addition, Solana network fees fell to US$18.5 million in March, down 42% from US$30 million in January. They were mainly affected by shrinking decentralized exchange (DEX) transaction volume. Data showed that Solana DEX transaction volume fell to US$55.5 billion, the lowest level since September 2024. Solana's current total locked position volume (TVL) is approximately US$6.3 billion, still significantly lagging behind Ethereum's US$54.1 billion. However, Solana network fees have still been 80% higher in the past 30 days, mainly due to Ethereum reducing main-network fees through Layer2Rollup and data Blob mechanisms.