Solana Registers Sharp Drop in Network Activities at the End of 2025

OnchainDetective · 2025-12-26T19:19:18+00:00

Solana faced a collapse in Q4 2025, with a decline in active traders and a drastic reduction in memecoin volumes, resulting in a 58% loss in the SOL token value. The discrepancy compared to Ethereum heightens concerns about the network's recovery.

OnchainDetective

2025-12-26 19:19:18

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Solana faced a challenging period in Q4 2025, with Coinotag data revealing a significant contraction in network metrics. The number of active traders plummeted from over 30 million at the end of 2024 to less than 1 million, reflecting a massive exodus of participants.

The Collapse of Memecoins Accelerates the Decline

The weakening of the memecoin segment accelerated the deterioration of overall activity. Trading volumes in this category decreased by 90%, which is particularly relevant considering that this segment was one of the main traffic generators on the network. With this liquidity source drying up, the platform lost one of its main growth drivers.

SOL Price Drops Significantly

The SOL token reflects this reality with a 58% decrease in its value during the period, falling to approximately $120. The current quote of $122.19 indicates a slight recovery, but insufficient to offset the 38.15% annual contraction. In comparison, Ethereum generated three times more annual revenue, highlighting the competitive disparity between the two blockchains.

The combination of reduced activity, memecoin decline, and price pressure raises critical questions about Solana’s resilience and recovery capacity in the next market cycle.

SOL-0,37%

ETH-1,58%

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