Solana’s DeFi Dominance Struggles: Why is SOL Price Crashing?

Solana stands out as a true anomaly in the crypto market. Despite impressive on-chain performance indicators suggesting strong growth, Solana’s price has recently taken a tumble. This disconnect between on-chain data and market trends highlights the unpredictable nature of the crypto world. However, it’s precisely these moments where fundamental signals become clear amidst the noise. 18 months in, Solana showcases a potential that few are willing to embrace. 2023 has marked a shift as Solana emerges as a DeFi powerhouse.