Solana Price Sinks Steeply Amidst Overall Market Downturn

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At the time of writing, SOL is trading at $136.58, down 9.86% in the last 24 hours.
If the price manages to go below $132 level, then it will likely fall towards $127 level.
For the first time to date, DEXs built on the Solana network surpassed those built on Ethereum, in terms of trading volume for the month of July.
Solana had more daily trading volume than Ethereum for the whole month of July, according to DeFiLlama statistics for DEX volumes by blockchain. Ethereum came in second place for 17 days in a row last month.
30% of July’s crypto DEX volume came from protocols built on the Solana network, with Ethereum coming in second with 28.12%. By the end of the month, the total value of transactions processed by the exchanges on Ethereum was $53.867 billion, while those on Solana’s DeFi ecosystem processed $56.849 billion.
Bear Dominance
After six days, it is fair to say that things have been somewhat hectic. While Solana seems to be having a rough time of it, Bitcoin

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