Solana DApp revenue hits 18-month low as SOL slides 11% and eyes $80 retest

SOL fell 11% over three days after topping at $97.70 on Monday, and the drop to $87 on Thursday coincided with $25 million in leveraged long liquidations. Derivatives positioning turned cautious, with perpetual funding near 0% and a 12% 30-day options skew, while Solana DApp revenue sank to $22 million—its lowest level in 18 months—adding pressure to a potential $80 retest.