Solana's SOL has experienced a significant decline, currently sitting at $86, which is a 72% drop from its peak of $295. This downturn follows a period of substantial interest in spot exchange-traded funds (ETFs) launched in late October 2025, which initially attracted over $100 million in net inflows during the first five weeks. However, since early December, weekly inflows have diminished, averaging between $20 million and $25 million.
Despite the price drop, Solana remains competitive in on-chain metrics. In the last 30 days, it processed $108 billion in decentralized exchange (DEX) volume, outpacing Ethereum's $63.7 billion. Solana's active addresses reached 2.17 million, compared to Ethereum's 682,236, while it generated $3.1 million in app revenue, slightly above Ethereum's $2.95 million.
Additionally, Solana's real-world asset (RWA) sector has surged to a new high of $1.71 billion, marking a 45% increase in just 30 days. Despite this, Ethereum still dominates the RWA market with $15 billion of the $25.37 billion total distributed asset value. As trading continues, analysts are monitoring potential support levels that could influence future price movements.