Solana slipped to its August lows around $156, following a sharp fall in its network dominance as traders rotated toward new high-activity chains like Hyperliquid and BNB Chain. According to DefiLlama, Solana’s share of the Layer-1 transaction fee market has tumbled from above 50% at the start of the year to just 9% now. In contrast, Hyperliquid has captured 40% and BNB Chain 20%, mostly fueled by derivatives trading volume and increasing DeFi activity. Momentum Loss Despite Headline Success However, ov ...