Solana order book liquidity drops 29% year-over-year
- —SOL order book depth within 2% of price fell from ~$28M to ~$20M per side
- —The ~$8M drop per side signals weakening liquidity
- —ETH depth within 0.15% of price is estimated at $13–14M
- —Fewer resting orders mean sharper price moves on large trades
Why it matters: Thinner Solana liquidity raises the risk of sharp price swings and slippage on large orders.
Source: Koin Bülteni