Solana Loses Derivatives Interest And Momentum

Solana's native token SOL is struggling to hold $80 after a 67% slide from its $253 peak in September 2025, failing to reclaim $89 over the past two weeks and plunging to $67.60 during the Feb. 6 crash. Futures open interest has dropped 75% from a $13.5 billion high, weekly dApp revenue fell to $22.8 million, and Solana ETFs hold $2.1 billion versus Ethereum's $15.8 billion.