Traders show strong bullish sentiment for Solana, with 78.82% maintaining long positions. Open interest has significantly dropped from a peak of 6 billion USD to 2.548 billion USD as of March 25, 2025.

Despite price drops, Solana’s trading volume on decentralized exchanges nearly matches Ethereum’s, indicating strong user engagement. SOL’s current price is around 142 USD, reflecting a recovery amid declining fees.