SOL’s perpetual futures funding rate has turned negative, indicating diminished confidence among traders. Despite solid fundamentals, traders are cautious regarding Solana due to Maximum Extractable Value fears.
With SOL priced at 150.24 USD, it hasn’t reached the 180 USD mark since May. This sentiment is compounded by reduced demand for leveraged positions, negatively affecting the overall market view.
In Q2 2025, Solana reported revenue of 271.8 million USD, surpassing Ethereum’s 129.1 million USD and reflecting a healthy blockchain ecosystem. However, competition from Ethereum’s layer-2 poses challenges for Solana.
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