SOL Funding Turns Negative As Competitors Take Marketshare

Key with you:

• The Futures Futures Sol financing rate has changed negative and emphasized the lack of confidence between traders.

• Despite the strong foundations, institutional players continue to avoid Solan for MEV concerns.

Native token Solany, sol (Sol), did not reach the level of 180 $ from the end of May and increases doubts between traders about whether the bull in 2025 is still feasible. The demand for lever long positions on Sol has fallen sharply, negatively affected the market sentiment.

Monday Sol Perpetual FUNING FUNTING MIGHT It turned negative, suggesting that short (sales) positions are in higher demand. Since cryptocurrency traders are usually optimistic about the price direction, this shift is relatively rare and signals wide confidence among bull investors.

Solana faces growing competition L2

Some analysts claim that Sol’s competing edge has been disturbed by the rapid expansion of Ethereum Ecosystem of layer-2. Others emphasize the more integrated user experience Solana as a continued power. While Sol saw a decrease in MEMECOIN Mania, new cases of use have appeared.

Jito, currently the largest decentralized application Solana (DAPP), holds 17.92 million Sol in the total value locked (TVL), which since January refers to a 12% increase. By providing Maximum value extractable (Mev) -Jito Soptimigited Stakece and Integrited Decentralized Financial Services shows that Solana continues to innovate and is not dependent on the platforms of the tokens.

Solana also boasts a 66.5%download ratio, which means that fewer SOL tokens are easily available. For comparison, less than 30% of Ether (Eth) It is deployed to Ethereum while Cardano’s Ada has 58% space. The current annualized yield of SOL 7.3% offers strong incentives for tokens to insert their coins.

Solana Q2’s revenue overtaken Ethereum and TRON

According to Solanafloor’s X contribution, Solana led all blockchains in the network revenue for the third direct quarter.

In the second quarter of 2025, Solana generated revenues of $ 271.8 million, reportedly 64% higher than Tron and more than $ 129.1 million. Dominance Solana also shows DAPP in its activity, with users spend $ 460 million for 30 days. This reflects a healthy ecosystem and motivates developers to build on the platform.

Despite the continuing criticism of Unsuccessful transactions And the high concentration of activity is the result of a deliberate design decision and are more opportunities for optimization than structural weaknesses. If the robot’s activity was the inflated volumes themselves, there would be little justification for $ 62.6 million in network fees paid in June.

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Vlad Tenet, CEO of Robinhood, reportedly stated that building on the Solana was rejected for MEV fears, adding that they wanted to “full verification”. X The Forrestenorwood user noted that both Coinbase and Robinhood “” decided to check and prefer to order transactions on their own L2S “.

If these statements apply and the main institutions continue to circumvent Solan, it could limit it upside down for Sol. These concerns help to explain the disappearing interest in the Bull’s Bull positions and are eventually associated with the Ethereum strategy in the field of rollup motivation with extremely low data fees.

The critical question for SOL holders is whether Ethereum will eventually leave his predatory prize model and be forced to compete on the same basis. Meanwhile, there is a chance to regenerate SOL at $ 180.

This article is for general information purposes and is not intended and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are the author himself and do not necessarily reflect or present the opinions and opinions of Caintelegraph.