Last night, I bet $SOL ’s fee revenue would keep falling. Instead, daily fees bounced back to 811K.
Price is now 105.4, up 2.5% on the day and 1.1% off the high.
Solana’s daily fees were 753K previously, up about 7.7% day over day; HL positions are around 588M, with roughly 277M in notional volume today.
The long-side funding rate on OKX is about 0.0065%—not at the top tier.
So I was half a step off: the decline has halted, but there’s no trend yet. Until fees top 800K for two days in a row, I’m still calling this a recovery.
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