Solana SOL Reclaims $72, But Fading On-Chain Metrics Signal Weakening DEX Momentum
SOL reclaimed the $72 level, but on-chain metrics are weakening. Recent data shows declining total value locked (TVL) and lower DEX transaction volumes, signaling softer DeFi activity even as price recovers. The key issue is whether the move reflects real network strength or short-term speculation. The broader crypto market is still searching for direction, and SOL is being judged more on fundamentals such as usage, liquidity, and developer activity. If liquidity and on-chain participation improve, the rally could gain credibility. If they do not, the move may prove to be another short-lived weekend narrative. The main things to watch are further confirmation from primary data sources, exchange activity, governance updates, and wallet flows.
