Solana的本地令牌Sol Sol在短暫觸摸147美元後面臨8％的急劇拒絕

索拉納（Solana）的本地代幣索爾（Sol）在3月25日短暫觸及147美元後面臨8％的拒絕。在過去的三周中，索爾（Sol）一直在努力收回150美元的水平，這導致交易者質疑最初是由Memecoin推測和人工智能行業興起的看漲勢頭驅動的。

Solana's native token, SOL, faced a sharp 8% rejection after briefly touching $147 on March 25. For the past three weeks, SOL has struggled to reclaim the $150 level, raising questions about whether the bullish momentum, originally fueled by meme coin speculation and the rise of artificial intelligence sectors, has come to an end.

索拉納（Solana）的本地令牌索爾（Sol Sol）在3月25日短暫觸及147美元後面臨著急劇的8％拒絕。在過去的三周中，索爾（Sol）一直在努力收回150美元的水平，提出了關於梅米硬幣猜測和人工智能部門的興起的看漲勢頭的疑問。

Some analysts believe that SOL price could significantly benefit from the eventual approval of a Solana spot exchange-traded fund (ETF) in the United States, as well as the expansion of tokenized real-world assets (RWA) on the Solana network, including stablecoins and money market funds.

一些分析人士認為，SOL價格最終可以從美國的Solana Spot交易所買賣基金（ETF）以及Solana網絡上的標記現實世界資產（RWA）的擴展，包括Stablecoins和貨幣市場基金在內的擴展。

Others, like Nikita Bier, co-founder of TBH and Gas startups, see Solana having "the fundamental building blocks for something to break out on mobile."

其他人，例如TBH和Gas Startups的聯合創始人Nikita Bier，請參閱Solana，請參閱“具有在移動設備上爆發的基本構建塊”。

Bier highlighted the constructive regulatory environment from US President Donald Trump and the long-term impact of the meme coin frenzy, which introduced "millions" of new users to Web3 wallets and decentralized applications (DApps). Essentially, this puts Solana in a good position due to its streamlined onboarding experience for mobile users.

Bier強調了美國總統唐納德·特朗普（Donald Trump）的建設性監管環境以及模因硬幣Frenzy的長期影響，後者將新用戶的“數百萬”引入了Web3錢包和分散的應用程序（DAPPS）。從本質上講，這使Solana的位置良好，因為它精簡了移動用戶的登機體驗。

Despite the potential for establishing a "consumer-grade" marketplace for DApps, most traders suffered losses as the meme coin mania faded and onchain volumes plunged. This decline has led investors to question whether SOL has the strength to reclaim levels above $150.

儘管有潛力為DAPP建立“消費級”市場，但隨著Meme Coin Mania的衰落和OnChain量的衰落，大多數交易者遭受了損失。這種下降使投資者質疑SOL是否有能力收回150美元以上的水平。

Beyond the waning interest in DApps, Solana is also facing increasing competition from other blockchains.

除了對DAPP的興趣減弱之外，Solana還面臨著其他區塊鏈的競爭日益增加。

Additionally, the realization that the US government would not purchase altcoins for its strategic reserve and digital asset stockpile was a major disappointment for some investors.

此外，意識到，美國政府不會為其戰略儲備和數字資產庫存購買山寨幣，這對某些投資者來說是一個重大的失望。

On March 6, President Trump signed a bill allowing budget-neutral strategies for the US Treasury to acquire Bitcoin BTCUSD, while altcoins in government possession could be strategically sold. In fact, there was no explicit mention of Solana or any other altcoin in the Digital Asset Stockpile executive order.

3月6日，特朗普總統簽署了一項法案，允許為美國財政部獲得比特幣BTCUSD的預算中立戰略，而政府擁有的替代幣則可以戰略性地出售。實際上，在數字資產庫存行政命令中，沒有明確提及Solana或任何其他Altcoin。

Some may argue that the Solana ecosystem extends far beyond meme coin trading and token launchpads, with total value locked (TVL) growing across liquid staking, collateralized lending, synthetic assets, and yield platforms. However, Solana's fees and DApp revenues have continued to decline. Reduced onchain activity reduces SOL's appeal to investors, thus limiting its upside potential.

有人可能會爭辯說，Solana生態系統範圍遠遠超出了Meme Coin交易和令牌發射台的範圍，其總價值鎖定（TVL）在液體積分，抵押貸款，合成資產和產量平台上生長。但是，Solana的費用和DAPP收入一直在下降。減少的OnChain活動減少了SOL對投資者的吸引力，從而限制了其上升潛力。

Solana DApp revenues totaled $12 million in the seven days leading up to March 24, down from $23.7 million just two weeks earlier. Similarly, base layer fees reached $3.6 million in the same period, a sharp drop from $6.6 million in the seven days ending March 10. Interestingly, this decline occurred while the total value locked (TVL) remained stable at 53.2 million SOL.

索拉納·達普（Solana Dapp）的收入在3月24日的7天內總計1200萬美元，低於兩週前的2370萬美元。同樣，基本層的費用在同一時期達到360萬美元，截至3月10日的7天的660萬美元急劇下降。有趣的是，這一下降發生了，而總價值鎖定（TVL）保持穩定為5320萬溶膠。

The drop in Solana's onchain activity is particularly concerning given that BNB Chain surged to the top spot in DEX volumes, despite having 34% less TVL than Solana, according to DefiLlama data.

根據Defillama的數據，儘管BNB鏈在DEX量中升至最高點，但Solana的OnChain活動的下降尤其令人擔憂，儘管TVL比Solana少了34％。

In terms of volume, Solana dominated the DEX industry from October 2024 to February 2025 but has recently lost ground to Ethereum and BNB Chain. As a result, part of SOL's price weakness stems from a decline in Solana's onchain activity compared to its competitors. For instance, trading volume on Hyperliquid increased by 35% over the past seven days, while activity on Pendle surged by an impressive 186%.

在數量方面，Solana從2024年10月到2025年2月在DEX行業中佔據了主導地位，但最近失去了以太坊和BNB鏈。結果，與競爭對手相比，SOL價格弱點的一部分源於Solana的OnChain活動的下降。例如，在過去的七天中，超流動性的交易量增加了35％，而彭德爾（Pendle）的活動飆升了186％。

Although fundamentals do not indicate an imminent rally above $150, the Solana network uniquely combines an integrated user experience with a degree of decentralization that has proven successful. For example, while BNB Chain and Tron offer similar scalability, neither has had a wallet or DApp rank among the top 10 on the Apple App Store—unlike Solana's Phantom Wallet in November 2024.

儘管基本原理並未表明即將集會高於150美元，但Solana網絡獨特地將綜合用戶體驗與已證明成功的權力下放化相結合。例如，儘管BNB Chain和Tron提供了類似的可擴展性，但在Apple App Store的前十名中，既沒有錢包或DAPP排名，這與2024年11月的Solana的Phantom Wallet一樣。

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。