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After the February drop, $SOL fell from around $145 to the $75 area, breaking its previous structure. Since then, price has mostly moved sideways below $98 without any real recovery.
But underneath that weak price action, the network has been quite active.
Solana is still leading in app revenue at about $2.6M daily, while DEX volume has surged to nearly $1B daily and over $9.5B weekly showing strong user engagement and capital flow.
The strange part is the price hasn’t reacted. That gap between rising activity and flat price suggests demand isn’t strong enough yet to push a real breakout, even with solid on-chain usage.