隨著Solana網絡活動的減少，溶膠價格下降了26％

索拉納（Solana）的原住民代幣索爾（Sol）在1月24日至1月27日之間的價格下跌了17.2％。在觸摸了其10天內的最低水平後，價格降至235美元

Solana’s native token (SOL) experienced a 17.2% price decline from Jan. 24 to 27. After reaching its lowest point in 10 days, the price recovered to $235, which is still 26% lower than its Jan. 19 all-time high of $295.

Solana的本地令牌（SOL）的價格從1月24日至27歲下降了17.2％。在10天內達到其最低點後，價格恢復到235美元，仍然比1月19日的歷史最高水平低26 ％ $ 295。

This recent downturn can be partially attributed to a 40% decrease in Solana’s network onchain trading activity. Despite this short-term weakness, SOL has the potential for further gains in 2025.

最近的低迷可能部分歸因於Solana網絡OnChain交易活動的40％降低。儘管短期弱點，但SOL仍有在2025年進一步提高的潛力。

Solana’s competitors demonstrated more resilience. BNB Chain volumes decreased by only 1%, while Ethereum’s base layer experienced a 10% decline in activity over seven days. It’s worth noting that other competitors and Ethereum layer-2 solutions also reported 25% to 30% lower onchain volumes during the same period.

索拉納的競爭對手錶現出了更多的彈性。 BNB鏈量僅減少了1％，而以太坊的基層在7天內的活動下降了10％。值得注意的是，其他競爭對手和以太坊第2層解決方案在同一時期還報告了25％至30％的鍊鍊量。

Within Solana’s ecosystem, Meteora, Orca, and Lifinity experienced notable declines in volumes, with drops of 45%, 62%, and 53%, respectively. However, the Pump.fun memecoin launchpad saw a 24% increase in volume during the same timeframe. Solana's Raydium platform remained the leader, recording $35.1 billion in weekly onchain activity.

在Solana的生態系統中，Meteora，Orca和Life量的體積顯著下降，下降了45％，62％和53％。但是，在同一時間範圍內，泵。 Solana的Raydium Platform仍然是領導者，每週的OnChain活動記錄了351億美元。

Solana TVL rose 27%, outperforming Ethereum and BNB Chain

Solana TVL上升了27％，表現優於以太坊和BNB鏈

It would be insufficient to evaluate SOL’s potential upside based solely on Solana’s onchain activity, which is heavily driven by decentralized exchanges (DEXs). Activities like staking, lending, and real-world assets (RWA) applications often don’t generate consistent onchain volumes. Therefore, total value locked (TVL) provides a more comprehensive measure of network usage.

僅根據Solana的OnChain活動來評估SOL的潛在上行空間，這是不足的，Solana的OnChain活動受到分散交換（DEX）的驅動。諸如Staking，Lending和Real World Assets（RWA）應用程序之類的活動通常不會產生一致的OnChain量。因此，總價值鎖定（TVL）提供了更全面的網絡使用度量。

The TVL on Solana increased by 27% in the 30 days ending Jan. 28, significantly outperforming both Ethereum, which declined by 9%, and BNB Chain, which slipped by 1%. This growth solidified Solana’s second-place position in the market, widening the gap with Tron. Notable contributors include Jito and Raydium, which saw deposits rise by 29%, and Binance Staked SOL, which grew by an impressive 52% during the month.

在截至1月28日的30天內，有關Solana的TVL增長了27％，這兩個以太坊的表現均高出9％，而BNB鏈下降了1％。這種增長鞏固了Solana在市場上的第二名，從而擴大了Tron的差距。值得注意的貢獻者包括Jito和Raydium，它們的沉積物增長了29％，而二元固定的Sol則在這個月內增長了52％。

Ethereum’s recent activity decline can be linked to weaker performances in Lido, EigenLayer, and Ether.fi. Notably, staking platform EigenLayer, launched in June 2023, holds $13.6 billion in total value locked (TVL), surpassing the entire Solana ecosystem’s deposits. This highlights Ethereum's dominance and shows that some investors are still willing to pay $5 or higher transaction fees.

以太坊最近的活動下降可能與Lido，Eigenlayer和Ether.fi的表現較弱有關。值得注意的是，Staking Platform Eigenlayer於2023年6月推出，持有總價值鎖定（TVL）136億美元，超過了整個Solana生態系統的存款。這突出了以太坊的統治地位，並表明一些投資者仍願意支付5美元或更高的交易費用。

To understand Solana traders’ sentiment, it’s crucial to examine the monthly SOL futures contracts premium. Futures contracts typically trade at a 5% to 10% premium over spot markets to account for their longer settlement periods. A premium above 10% indicates strong bullish sentiment, while levels below 5% suggest weaker buyer confidence.

要了解Solana Traders的情感，檢查每月的SOL Futures合同保費至關重要。期貨合約通常比現貨市場以5％至10％的溢價交易，以解決其更長的和解期。高於10％的溢價表明了強烈的看漲情緒，而低於5％的水平表明買家的信心較弱。

On Jan. 27, SOL futures briefly spiked to a 12% annualized premium but quickly dropped back to 6%. This relatively low premium, despite a 21% price rally over the past 30 days, suggests a lack of enthusiasm among investors. Some analysts argue that recent SOL price gains were largely driven by memecoins and the launch of the Official Trump (TRUMP) token.

1月27日，Sol Futures短暫飆升至12％的年度溢價，但迅速降至6％。儘管過去30天的價格有21％的價格集會，但這種相對較低的保費表明投資者缺乏熱情。一些分析人士認為，最近的索爾價格上漲主要是由成人和官方​​特朗普（特朗普）代幣推出的。

Regardless of whether risk aversion stems from uncertainties in global economies or stock markets, the odds of SOL reaching a new all-time high in the short term appear slim. Some analysts point out that recent SOL price gains were largely driven by memecoins and the Official Trump (TRUMP) launch.

無論風險厭惡是否源於全球經濟或股票市場的不確定性，SOL在短期內達到新歷史最高的機率顯得苗條。一些分析師指出，最近的Sol價格上漲主要是由Memecoins和官方特朗普（Trump）推出的。

Potential drivers for SOL’s future price appreciation include the migration of stablecoins from Tron to Solana and the increasing adoption of Web3 applications, particularly in the artificial intelligence sector.

SOL未來價格升值的潛在驅動因素包括將Stablecoins從Tron遷移到Solana以及Web3應用程序的越來越多，特別是在人工智能領域。

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

本文是出於一般信息目的，不打算被視為法律或投資建議。這裡表達的觀點，思想和觀點是作者獨自一人，不一定反映或代表Cointelegraph的觀點和觀點。