Solana at $111.84 as network fees drop 35% in a week, $117 in sight
- —Solana app fees over seven days totaled $99.6 million, down 35.3% from the prior week
- —Daily fees fell from $18.75 million on October 2 to $10.75 million on October 11
- —SOL lost 7.3% over the week but is up 10% over 30 days
- —The 50-day line at $109.21 held Friday's low, while the 20-day line at $117.05 acts as resistance
Why it matters: Falling fees shrink the share of real revenue in staking yield, tying SOL's appeal more to inflation and diluting existing holders.
Source: CryptoTicker