Solana tops network revenue for fifth week, but SOL slides 15%
- —Solana's Oct. 12–18 revenue was $6.54M, 38% of the $17.31M earned across all chains
- —BNB Chain made $3.23M, Ethereum $2.87M and Bitcoin $1.5M
- —1.4M addresses now hold tokenized equities on Solana, up from under 500K in early September
- —SOL is down 15% to $104, with RSI at 38 and CMF turning negative at -0.14
Why it matters: The network is adding users and revenue, but capital inflows into SOL have dried up — the gap between fundamentals and price points to further downside risk.
Source: AMBCrypto