SOL falls behind multiple altcoin competitors as its onchain activity, fee an SOL falls behind multiple altcoin competitors as its onchain activity, fee an

SOL price action lags the wider altcoin market: Is Solana’s heyday over?

SOL falls behind multiple altcoin competitors as its onchain activity, fee and DApp revenues slump. Cointelegraph explains why.

Key takeaways:

SOL lagged the altcoin market as falling fees and DApp revenues signaled weaker Solana network demand.

Growth shifted to Base, Arbitrum, Polygon and BNB Chain, reducing the odds of a near-term SOL rebound.

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