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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