SOL Token Dips 3.54% Amid $4.1B Volume as Solaxy Layer-2 and DeFi Growth Drive Ecosystem

Solana (SOL) traded at $140.32 with a 24-hour price change of -3.54%, opening at $145.47 and experiencing strong trading volume of over $4.1 billion. The recent price decline is attributed to broader market adjustments and profit-taking following a period of heightened optimism driven by record validator participation, increased DeFi and stablecoin activity, and anticipation around potential spot ETF approval. Despite the short-term pullback, Solana’s ecosystem remains active, with notable developments such as the launch of the Solaxy Layer-2 solution, continued growth in developer engagement, and robust on-chain participation supporting its long-term network fundamentals.