Solana’s revenues increase by 93 % of the January height after the Mimin bubble explosion

Solana Network has collapsed and closed total value in the past two months, as interest in Memecoins has continued to separate.

The weekly network revenue on Solana Bluchin was a record of $ 55.3 million in mid -January, amid the height of the Memoin frenzy.

However, the revenues have since then decreased by 93 % to about 4 million dollars last week, and have returned to the levels that have not been seen since September, According to To Defillalama data.

Solana Week Mentralized Application (DAPP) also decreased by 86 % from $ 238 million in mid -January to $ 32 million for last week.

Meanwhile, the closed total value of Solana decreased by almost 50 % during the same period, as it decreased from the highest level in January, exceeding $ 12 billion to the current levels of about $ 6.4 billion.

MEMECOIN Trading consists mainly on POMP.fun Platform, approximately 80 % of Solana Blocchain’s revenues, according to a Vaneck report on March 5.

Pump.fun’s daily revenue reached $ 15 million in late January, but it has since declined by about 95 % to 800,000 dollars on March 7, According to To data from sand dune analysis.

Memeco Mania arrived at its climax when Donald Trump launched his symbol of the same name (Trump) on January 18, followed by his wife, Melania, who launched Melania on January 20.

“The launch of Trump and Melania was the summit of the mimokins, as it absorbed liquidity and attention from all other encrypted currencies,” said Bobby Ongi, founder of Coingecko on March 6.

Both symbols rose after launch, but they were thrown in the days after that. Trump has now decreased by 86 % of its peak, as it was traded at $ 10.50, while Melania collapsed by 95 % in only seven weeks to $ 0.71.

Related to: Solana has decreased by 45 % since the Trump Tokeen launch while Memecoins has converted liquidity

The ceiling of the Memecoin market reached $ 137 billion in December According to To Coinmarketcap.

Solana prices also acquired a beating over the past few weeks, which led to a decrease in 58 % of the highest level in mid -January at $ 293. The original decreased by another 5 % a day, as it was circulated at $ 122 at the time of writing this report.

magazine: Bitcoin’s possibilities in June, SOL 485 million dollars, and more: Hodler’s Digest