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SOL at $78: $4.15B Volume, Fee Collapse & SBI's RWA Signal
Audio is available on Spreaker — see link below.
Solana leads all blockchains in daily DEX volume at $4.15B — but with fees 88% below February's peak, the data tells a more complicated story. Today's briefing unpacks the volume-versus-revenue gap, the SBI Holdings partnership, and the key price levels that actually matter.
Audio is available on Spreaker — see link below.
Solana just posted four point one five billion dollars in daily DEX volume, leading every blockchain on the planet. The number sounds like a breakthrough.
SOL climbed to seventy-eight dollars on July fifteenth after two hundred fifty million USDC was minted on Solana, coinciding with softer U.S. inflation data. That combination pushed liquidity into the network and broke SOL above a descending channel on the four-hour chart.
The volume-price disconnect is where this gets analytically interesting. Four point one five billion dollars in daily DEX volume puts Solana ahead of BNB Chain and the newly launched Robinhood Chain.
The more durable story this cycle is the SBI Holdings partnership. The Japanese financial giant has tied up with the Solana Foundation to advance tokenized real-world assets, yen stablecoins, and onchain finance across Asia.
Two technical signals are worth tracking closely. First, the thirty-day moving average of daily active users just crossed above the fifty-day moving average.
Against all of this, ETF inflows tell a more cautious story. Net inflows last week were just one million dollars.
The real test for Solana right now isn't volume. It's whether institutional infrastructure, the SBI partnership and RWA growth, starts converting into durable fee revenue and price support.
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