- The open interest decreased by 58 % since the height of $ 6 billion in January.
- Daily network fees decreased by 96.5 % from January to March.
An increase in biological feelings appears among merchants Solana [SOL] Futures.
according to Common data By Ali Charts, 78.82 % of Solana open sites in the future of Binance are as long as on March 22.
This number translates into a long/short percentage of 3.72, indicating that traders are more than three times the bet on the upper side of the negative side.
But how does this accumulate against the rest of the market?
Hode interrogation
Binance’s long/short data collections show a more conservative trend across the top traders.
Source: Coinglass
For example, on March 21, Bitcoin futures showed a long/short percentage of 2.05. But by March 24, this decreased to 1.71, which represents a 16.6 % decrease.
Eyes on Solana open attention
This is completely ups on the bullish locations as it seems that the open interest in the future contracts of Solana is the bottom after months of decline.
The open interest in Solana Futures reached its peak in January 2025 near 6 billion dollars. Since then, it has decreased by 58 % to $ 2.548 billion as of March 25, according to Coinalyze.
Source: Coinalyze
This decrease matches a 52 % decrease in the Sol price, from more than $ 290 in mid -January to 142 dollars at the present time. The simultaneous decrease in the price and open benefits reflects the widespread relaxation of the outstanding situations.
Now, merchants are closely monitoring – because the scheme may turn.
Plans indicating that the price may be stable now, as Sol records a modest daily gain +1.32 % on March 25.
Whispers on the series
The activity on the series also looks like similar signals, for example, revenue data draws similar fees.
From October 2024 to January 2025, the daily network fees in Solana increased by 3453 %, reaching 35.53 million dollars in late January. Revenue increased in parallel, and reached its climax at $ 17.77 million.
Source: Devillama
Since then, the network activity has been implemented. As of March 25, daily fees decreased to $ 1.28 million, a 96.5 % decrease from its highest level in January.
So, what carries the user’s confidence?
The size of DeX on Solana was 1.552 billion dollars in 24 hours, approximately ETHEREUM 1.664 billion dollars, though ethereum [ETH] Hold more than 6x TVL.
Source: Devillama
This indicates that Solana users deal more frequently, and contribute to increasing productivity and possibly the efficiency of a higher user.
It is not an isolated scale either.
Solana holds the second top TVL Defi among all chains of $ 6.809 billion, behind ETHEREM at $ 46.288 billion. This pattern indicates that with low fees and prices, Solana continues to attract real user activity.
Where does Sol go from here?
Solana’s price increased from less than $ 60 in October 2024 to $ 270 by mid -January.
Then he decreased by 51 % and settled near $ 132 by March. By March 24, the gains were supervised to 6.13 % with the price hovering near $ 142.
The dominance of the market ceiling also decreased from 70.44 % to 34.93 % in this time frame. These numbers indicate a slower momentum.
With the long/short/short -feathered Solana Futures ratio, it appears that Binance traders expect a reflux.
This optimism follows a significant decrease in fees, open interest and price. However, the strong Dex activity of Solana, and the participation of the user, hints to stability.
