Woofun AI reports that Solana has endured a volatile month with the SOL token shedding approximately 20% of its value, marking a decline of nearly 44% since the start of 2026. This price deterioration contrasts sharply with expanding blockchain utilization, where decentralized trading volumes and new application adoption continue to climb despite market weakness.

Tokenized assets have surged to represent 17% of daily DEX volume on Solana, establishing a new all-time high that now exceeds memecoin trading activity. Simultaneously, exchange inflows exploded from roughly 57,336 SOL on June 11 to over 1.41 million SOL by June 25, a 2,400% increase in two weeks that points to intensifying selling pressure.

Average daily trading volume climbed to roughly $1.73 billion last week, up from $1.24 billion a month prior, while network fees generated around $7.2 million in a single day and roughly $200 million over 30 days.

Woofun AI data shows that meme coin trading fuels much of this revenue, with PumpSwap earning around $1.29 million daily, followed by competitors generating roughly $730,000, while Jupiter Perpetuals and Axiom also rank as top revenue generators.

Decentralized exchanges recorded robust figures, with BisonFi processing nearly $359 million in one day, Orca handling roughly $329 million, and AlphaQ managing around $241 million. In the equity sector, Solana facilitated about $1.3 billion in tokenized stock trading during one week, capturing roughly 95% of the entire on-chain tokenized equity market.

Interest in tokenized equities accelerated following the SpaceX IPO on June 12, prompting developers to launch several tokenized SpaceX products that accounted for nearly half of the weekly tokenized stock volume. Looking ahead, the Alpenglow upgrade scheduled for late 2026 targets transaction finality in fractions of a second, potentially bolstering adoption as institutional demand grows. This divergence between asset price and network utility suggests a maturing market where speculative selling coexists with fundamental growth.