SOL Sees 6% Dip Amid $6.7B Volume, DeFi Growth and Network Activity Remain Strong

Solana (SOL) is currently trading at $175.37 with a 24-hour price change of -6.12% and a 24-hour trading volume of $6.73 billion, reflecting high market activity and liquidity. The recent price decline follows a period of strong network growth, including a 12% increase in transaction volume and record stablecoin supply, but coincides with a short-term consolidation phase after a bullish run and increased volatility in the broader crypto market. Despite the recent dip, Solana maintains robust fundamentals with rising DeFi activity and remains a leading asset in the digital asset space.