Solana Network Revenue Plummets to Lowest Since March
CryptoNewsTerminal Staff03 Sep, 2024
Solana Network Revenue Plummets to Lowest Since March
Analysis shows that the Solana network's revenue has fallen by a significant 46% over the past 30 days, marking its lowest point since March 5th. This decline has been accompanied by a 22% decrease in daily transactions, which have dropped to 29 million. Furthermore, trading volume on Solana DEXs (decentralized exchanges) recently hit a six-month low of $7.7 billion. These concerning trends indicate that the Solana network is facing challenges that require attention. The causes behind this decline in revenue and activity remain to be fully understood, but it is a development that will likely be monitored closely by investors and stakeholders in the Solana ecosystem.
