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Are people still using Solana?
Chain activity seems quite low now that the meme coin trend is over.
Metrics as of late December 2025 show:
- TVL around $8.5–9 billion in DeFi.
- Price hovering near $125–126 (down from earlier highs around $290–300).
- Reports of a sharp drop (e.g., 97% in some network activity measures) in Q4, with reduced transactions, fees, and DEX volumes tied to waning meme coin speculation.
$SOL