Solana slipped to its August lows around $156, following a sharp fall in its network dominance as traders rotated toward new high-activity chains like Hyperliquid and BNB Chain. According to DefiLlama, Solana’s share of the Layer-1 transaction fee market has tumbled from above 50% at the start of the year to just 9% now. In contrast, Hyperliquid has captured 40% and BNB Chain 20%, mostly fueled by derivatives trading volume and increasing DeFi activity. Momentum Loss Despite Headline Success However, ov ...

Bloomberg ETF analyst Eric Balchunas noted that Bitwise’s Solana Staking ETF (BSOL) recorded $56 million in trading volume on its first day, the highest among all newly launched ETFs this year. The fund was seeded with $220 million; if fully deployed on Day One, trading volume could have reached approximately $280 million, surpassing ETHA’s debut. In comparison, HBR and LTCC posted $8 million and $1 million in first-day trading volume, respectively. https://t.co/nBOcq9jD3L ...