Imagine throwing a party where the crowd stops showing up, but somehow the VIP section downstairs is packed tighter than ever.
Welcome to Solana’s latest drama in the crypto world, where token launches have dipped to a 7-month low, down to 27,354, the slimmest daily tally since March.
Yet, somehow, this blockchain beast still reigns supreme, leading all chains in daily, weekly, and monthly project rollouts. The crowd’s sparse, but the noise? Deafening.
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Token creation drought
Even as fewer tokens hit the scene, Solana’s TVL has blasted off like a rocket ship strapped to a Monday morning espresso.
According to DefiLlama, this DeFi darling recently hit around $150 billion in TVL, signaling that investors are dumping cold, hard capital into Solana protocols like it’s the hottest underground club in crypto-town.
Forget token launches, deep liquidity and rising DeFi adoption show Solana’s got legs, long ones that might just sprint through any token creation drought.
But not everything smells like victory champagne. Solana’s DEX volume? It’s got legs, alright, but the last 24 hours saw a $666.7 million outflow.
Like a party guest deciding to ghost mid-conversation, this sudden withdrawal hints that some traders are checking their watches and pondering their exits, maybe spooked by recent price dips.
Momentum
Speaking of moods, the derivatives markets are casting a fog over the dance floor. Futures traders seem less hip to the Solana beat, with CryptoQuant’s Futures Taker CVD data flashing a “More Sellers Than Buyers” neon sign.
The seller dominance is not just a flicker; it’s growing, and raising doubts whether Solana can maintain its momentum after the sprint.
That leads us to the $200 question, quite literally. Solana has been flirting just above this psychological barrier, but the big query remains, can bullish fundamentals like soaring TVL and network dominance in token launches outweigh the bearish vibes from short-term futures activity?
If the buyers muster up the courage and storm back into the futures arena, Solana could not only hold this line but light the fuse for another wild rally.
Ready for a bounce
Peeking at the daily charts, prices seem to be catching their breath after tumbling through a bullish triangle pattern.
But the Stochastic RSI is nudging into oversold territory, crypto-speak for “ready for a bounce.”
This suggests that despite the token launch lull and cautious futures traders, Solana’s price rally might just be settling into a longer run.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: October 1, 2025 • 🕓 Last updated: October 1, 2025
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