Solana DEX Volume Share Loss
Competition from rival networks like Hyperliquid and Base threatens Solana's DEX volume and ecosystem revenue share.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
Still mostly niche and specialist coverage — not yet picked up broadly by mainstream press.
"Transaction volumes across Solana-based decentralized exchanges have declined, while network fees have fallen to multi-month lows. Since Solana's valuation has historically benefited from high transaction throughput and user activity, the drop in network usage has reduced one of the key drivers behind recent demand."
"The network keeps attracting real activity, but the solana price prediction needs more than volume to break the trend. SOL still trades at $73, down from $293 at its peak."
"Competition from rival networks, particularly Hyperliquid and Base, is intensifying, threatening Solana’s DEX volume and ecosystem revenue share."