Analysis: Solana DApp revenue drops to an 18-month low, and the SOL price faces the risk of retesting $80.

MarsBitNews · 2026-03-20T04:49:34+00:00

Solana's decentralized application ecosystem revenue has declined to an 18-month low, with SOL price facing the risk of testing $80 again. Over the past three days, it has fallen 11% to $87, with bears dominating the market, and professional traders lacking confidence in the $87 support level.

MarsBitNews

2026-03-20 04:49:34

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Mars Finance reports that, according to Cointelegraph, revenue from decentralized applications in the Solana ecosystem has fallen to an 18-month low, and the SOL price faces a renewed risk of testing $80. SOL has dropped 11% over the past three days to $87, triggering $25 million in long position liquidations. Perpetual contract funding rates are close to zero, indicating weak demand from longs, with shorts dominating leverage demand over the past month. The options market delta skew has risen to 12%, with put options trading at a premium, showing professional traders lack confidence in the $87 support level. Solana DApps revenue has decreased from $36 million two months ago to $22 million, the lowest in 18 months. Although Solana remains a leader in DEX trading volume, it faces fierce competition in perpetual contract trading from Hyperliquid, which holds over 80% of the market share.

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