The post Solana price steadies below $200 as DEX metrics decline appeared on BitcoinEthereumNews.com.

Solana price steadied below $200 as traders cautiously returned to the market even as on-chain activity appears to be cooling. Summary Solana trades just under $200 after rebounding from a weekly low of $173. DEX and TVL volumes have dipped despite as stablecoin market cap growing 8% in the last week. Upcoming ETF decision and network upgrades could drive fresh market momentum. Solana traded around $196 at press time, up about 8% in the past 24 hours after falling to a weekly low of $173 during the Oct. 10 market crash. Despite this rebound, the token remains 14% lower for the week and 19% down over the past month, marking a 32% pullback from its January high near $293. Trading activity has picked up slightly. Solana’s (SOL) spot volume reached $12 billion in the last 24 hours, up 14% from the previous day. Derivatives activity also rose, with futures volume up 36% to $32.4 billion and open interest up 6%, as per CoinGlass data. This indicates that traders are gradually reopening positions and re-entering the market after the recent sell-off. Solana DEX volume and TVL slide during market downturn On-chain data paints a more cautious picture. According to DefiLlama data, Solana’s decentralized exchange volume has steadily declined since the crash, dropping from $8.37 billion on Oct. 10 to $6.43 billion on Oct. 11 and $5.84 billion on Oct. 12. Additionally, total value locked dropped from $12.5 billion to about $10 billion before rising to just over $11 billion.  Despite declining DEX metrics, Solana’s stablecoin market capitalization has increased by 8% in the last week to $16.2 billion. This suggests that capital is sitting on the sidelines, waiting for clearer signals before being deployed. Upcoming catalysts could shape Solana’s recovery Several short-term developments may influence Solana’s price. Between Oct. 28 and…

---

Filed under: News - @ October 13, 2025 8:23 am