Solana
Solana Records $670 Million Capital Outflow as Network Fees Decline
Data shows total value locked on Solana dropped to $5.94 billion alongside a double-digit slide in network transaction fees over recent days.
Total value locked across the Solana ecosystem dropped by $670 million, or 10.1 percent, between October 5 and October 16, 2026, falling from $6.61 billion to $5.94 billion according to DefiLlama data. The drawdown occurred in stages, slumping initially to $6.18 billion around October 8 before further outflows removed $284 million after October 12.
Alongside the drop in locked funds, revenue generated by network fees saw a noticeable contraction. Users spent $85.68 million on fees during the seven days leading to October 16, representing a 15.2 percent decline compared to the previous week. Over a 30-day window, total network fees reached $462.25 million, marking an 8.26 percent drop.
In contrast to the sharp decline in fee revenue and locked capital, trading activity on decentralized exchanges proved relatively resilient. Weekly decentralized exchange volume fell by 4 percent to $13.68 billion, while 30-day volume contracted by 6.07 percent to $71.84 billion, reflecting continued transaction scale despite lower protocol revenue.
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