The daily transaction costs of Solana have reached a multi-month low, suggesting a decrease in activity on the blockchain. The decline occurs as the enthusiasm surrounding meme coins on the blockchain diminishes, partially attributed to the introduction of Tron DAO’s SunPump.
Notable tokens in the Solana ecosystem include Tether USD, Solana (SOL), Circle USD, Chainlink, and Render. The prominent meme coins on the Solana blockchain include dogwifhat, Bonk, Popcat, BOOK OF MEME, and MEW.
The Tron ecosystem has attracted over 10,000 users and produced $1.1 million in income, with the current revenue surpassing $3 million. Solana’s price has significantly increased by 693.46% since August 2023, despite a decrease in meme coin dominance and decreasing transaction fees. Nevertheless, SOL has had a decline of 13.96% over the previous month, whereas TRX has witnessed a significant increase of 116.53% since August 2023.
The total value locked (TVL) of prominent platforms on the Solana blockchain has exhibited a negative trend. Raydium’s TVL has declined by around 20% in the last 30 days, while BonkSwap has witnessed a more than 23% decrease.
