Solana price prediction: DEX volume down 24 percent, can the price hold?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Solana is holding at $101.91 on Wednesday morning, yet decentralised exchange volume fell 24 percent in seven days and network fees 18.8 percent. What the blockchain's shrinking revenue means for the price before the Fed decision.Solana is trading at $101.91 on Wednesday morning, almost exactly where the price closed on Tuesday evening. The number that matters more is not on the chart but in the blockchain's revenue data: decentralised exchanges on Solana handled $11.94 billion over the past seven days, a quarter less than in the week before. The fees the network earns from that trade fell by just under a fifth over the same period. Where the price can go over a horizon of months is set out in our Solana price prediction. For the days ahead, one thing holds: a price that stays put while revenue drains away rests on a narrower base than the ticker suggests. Solana DEX volume falls 24 percent in seven days Trading volume on Solana's decentralised exchanges came to $1.85 billion ov...