Analysis: Solana DApp revenue falls to an 18-month low, and the price of SOL faces the risk of retesting $80.

CoinFeed reported on March 20th, citing Cointelegraph, that Solana ecosystem decentralized application revenue has fallen to an 18-month low, and the price of SOL faces the risk of retesting $80. SOL has fallen 11% to $87 over the past three days, triggering the liquidation of $25 million in long positions. Perpetual contract funding rates are near 0%, indicating weak long demand, with short positions dominating leveraged demand over the past month. The options market delta skew has risen to 12%, with put options trading at a premium, showing a lack of confidence among professional traders in the $87 support level. Solana DApp revenue has fallen to $22 million from $36 million two months ago, the lowest in 18 months.