Solana token SOL has recently fallen by about 11%, repeatedly testing the $80 support level as the market worries it could retrace to $75. Despite network fees continuing to decline, Solana remains appealing for ecosystem development, with DApp revenue surpassing Ethereum. Overall market performance is poor, but SOL continues to face pressure.

The Solana network faces pressure from declining DEX trading volume and SOL’s token price falling to $82.98, as it moves toward the $80 support level. Although trading volume dropped to $55.5 billion in March, Solana performs exceptionally well in the high-revenue DApp space, which still helps stabilize the price. Despite the challenges, analysts remain optimistic about SOL’s long-term outlook and believe that a short-term pullback does not necessarily mean the price will break below $75.

Solana ecosystem decentralized application revenue has dropped to an 18-month low, with SOL price recently declining 11% to $87, while long positions have been liquidated. Despite strong performance in DEX trading volume, it faces intense competition in the perpetual futures market.

The Solana ecosystem has come under pressure recently, with SOL's price retreating from $97.70 to $87, representing a three-day decline of approximately 11%. Sentiment in the derivatives market is insufficient, with funding rates approaching historic lows, and on-chain DApp revenue has dropped to an 18-month low. Despite relatively solid performance on decentralized exchanges, new products and competition are putting pressure on capital flows. SOL is expected to remain range-bound and weak in the near term.

Gate News Announcement: On March 9, LINE's digital asset subsidiary LINE NEXT launched the stablecoin wallet Unifi. The wallet offers end-to-end stablecoin services, including deposits, custody, payments, transfers, and rewards. Currently supporting USDT, with plans to gradually expand support to more stablecoins in the future. Additionally, LINE NEXT has integrated the Dapp Portal and Mini Dapp into Unifi to enhance the practicality of stablecoins and user benefits.

Ethereum has recently shown weak rebounds, falling back 6% after touching $2200. Geopolitical tensions and weak stock markets have intensified market risk aversion, leading to insufficient bullish demand and a decline in on-chain activity. Despite the current challenges, Ethereum still holds an advantage in the blockchain space, with institutional funds favoring its ecosystem. If market sentiment recovers to $2400, it will be beneficial for a rebound in the future.

Although Ethereum's price rebounded by 22%, it remains relatively weak due to macroeconomic factors. Weekly DEX trading volume dropped to $12.6 billion, and DApp revenue decreased by 47%. Ethereum dominates the total locked value, with a mainnet TVL of $55.4 billion, indicating institutional investor preference.

Ethereum founder Vitalik Buterin stated that future wallets will widely adopt artificial intelligence, but there is less trust in local lightweight clients handling high-value transactions. He believes the best process is for AI to propose solutions, simulate execution, and then be confirmed by the user to enhance security and reduce the risk of attacks on DApp interfaces.

Odaily Planet Daily reports that AetherMind, an intelligent network dedicated to building a decentralized resource ecosystem, announced that token subscription began on February 10th and will continue for three days. The project will deeply integrate global GPU/TPU computing power through smart contracts, and utilize zero-knowledge proofs and cross-chain interoperability to create a transparent and secure technical foundation for AI inference, training, and data trading, thereby providing seamless and efficient AI services for every DApp.

PANews February 2 News, according to data from the SolanaFloor platform, in January 2026, the Solana ecosystem's decentralized applications (dApps) generated over $146 million in revenue, ranking first among all Layer 1 and Layer 2 blockchains. The top three Solana in revenue for that month