The current spot market attention for $SOL has declined, but on-chain dollar liquidity has not retreated in tandem.
Over the past 30 days, the median trading volume in Binance spot markets is only about 33% of the median for the past year. In the same period, Solana stablecoin supply is about $16.2 billion, up 4.3% over 30 days and 46% over a year. This is an initial divergence between low attention and resilient adoption.
But “nobody’s paying attention” has not yet been established: Square’s #solana still has around 156.9 million cumulative views and 239,000 discussions, and MoneyGram payment-related topics are also on the trending charts. SOL is down about 70% from its one-year high, which likewise cannot substitute for evidence of valuation and value capture.
So here we will only conduct a long-term watch and do not trigger a DCA signal. Over the next 90 days, we will review protocol fees, settlement value, and valuation percentiles. If stablecoin supply declines by more than 10% and fees simultaneously weaken, the resilience assumption will fail.
#SOL #Solana #long-term observation
Over the past 30 days, the median trading volume in Binance spot markets is only about 33% of the median for the past year. In the same period, Solana stablecoin supply is about $16.2 billion, up 4.3% over 30 days and 46% over a year. This is an initial divergence between low attention and resilient adoption.
But “nobody’s paying attention” has not yet been established: Square’s #solana still has around 156.9 million cumulative views and 239,000 discussions, and MoneyGram payment-related topics are also on the trending charts. SOL is down about 70% from its one-year high, which likewise cannot substitute for evidence of valuation and value capture.
So here we will only conduct a long-term watch and do not trigger a DCA signal. Over the next 90 days, we will review protocol fees, settlement value, and valuation percentiles. If stablecoin supply declines by more than 10% and fees simultaneously weaken, the resilience assumption will fail.
#SOL #Solana #long-term observation