Solana DEX volumes drop to 2024 lows: Will SOL hold $80 as support?

Solana’s declining DEX volumes raise the likelihood of a SOL price correction to $75, but the network’s DApp revenue highlights its resilience.

Key takeaways:

Solana outperforms Ethereum in high-revenue DApps, providing a fundamental cushion against recent price drops.

Rising Ethereum Layer-2 dominance challenges SOL as traders monitor the critical $80 support level for a retest.

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