Solana的本地令牌Sol Sol在短暂触摸147美元后面临8％的急剧拒绝

索拉纳（Solana）的本地代币索尔（Sol）在3月25日短暂触及147美元后面临8％的拒绝。在过去的三周中，索尔（Sol）一直在努力收回150美元的水平，这导致交易者质疑最初是由Memecoin推测和人工智能行业兴起的看涨势头驱动的。

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.

索拉纳（Solana）的本地令牌索尔（Sol Sol）在3月25日短暂触及147美元后面临着急剧的8％拒绝。在过去的三周中，索尔（Sol）一直在努力收回150美元的水平，提出了关于梅米硬币猜测和人工智能部门的兴起的看涨势头的疑问。

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.

一些分析人士认为，SOL价格最终可以从美国的Solana Spot交易所买卖基金（ETF）以及Solana网络上的标记现实世界资产（RWA）的扩展，包括Stablecoins和货币市场基金在内的扩展。

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的联合创始人Nikita Bier，请参阅Solana，请参阅“具有在移动设备上爆发的基本构建块”。

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强调了美国总统唐纳德·特朗普（Donald Trump）的建设性监管环境以及模因硬币Frenzy的长期影响，后者将新用户的“数百万”引入了Web3钱包和分散的应用程序（DAPPS）。从本质上讲，这使Solana的位置良好，因为它精简了移动用户的登机体验。

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.

尽管有潜力为DAPP建立“消费级”市场，但随着Meme Coin Mania的衰落和OnChain量的衰落，大多数交易者遭受了损失。这种下降使投资者质疑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.

除了对DAPP的兴趣减弱之外，Solana还面临着其他区块链的竞争日益增加。

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，意识到，美国政府不会为其战略储备和数字资产库存购买山寨币，这对某些投资者来说是一个重大的失望。

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，特朗普总统签署了一项法案，允许为美国财政部获得比特币BTCUSD的预算中立战略，而政府拥有的替代币则可以战略性地出售。实际上，在数字资产库存行政命令中，没有明确提及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.

有人可能会争辩说，Solana生态系统范围远远超出了Meme Coin交易和令牌发射台的范围，其总价值锁定（TVL）在液体积分，抵押贷款，合成资产和产量平台上生长。但是，Solana的费用和DAPP收入一直在下降。减少的OnChain活动减少了SOL对投资者的吸引力，从而限制了其上升潜力。

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.

索拉纳·达普（Solana Dapp）的收入在3月24日的7天内总计1200万美元，低于两周前的2370万美元。同样，基本层的费用在同一时期达到360万美元，截至3月10日的7天的660万美元急剧下降。有趣的是，这一下降发生了，而总价值锁定（TVL）保持稳定为5320万溶胶。

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.

根据Defillama的数据，尽管BNB链在DEX量中升至最高点，但Solana的OnChain活动的下降尤其令人担忧，尽管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%.

在数量方面，Solana从2024年10月到2025年2月在DEX行业中占据了主导地位，但最近失去了以太坊和BNB链。结果，与竞争对手相比，SOL价格弱点的一部分源于Solana的OnChain活动的下降。例如，在过去的七天中，超流动性的交易量增加了35％，而彭德尔（Pendle）的活动飙升了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.

尽管基本原理并未表明即将集会高于150美元，但Solana网络独特地将综合用户体验与已证明成功的权力下放化相结合。例如，尽管BNB Chain和Tron提供了类似的可扩展性，但在Apple App Store的前十名中，既没有钱包或DAPP排名，这与2024年11月的Solana的Phantom Wallet一样。

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.

本文是出于一般信息目的，不打算被视为法律或投资建议。这里表达的观点，思想和观点是作者独自一人，不一定反映或代表Cointelegraph的观点和观点。