Solana (SOL) has been stuck in range-bound consolidation, given that it has posted the lowest gains in the last seven days among the top ten largest cryptocurrencies by market capitalization. SOL traded at $236 at press time after a 1.8% loss in 24 hours.

Despite the underperformance, the Solana blockchain continues to lead in terms of adoption. Data from DeFiLlama shows t...