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The total transaction fee on the Solana network last week was 53,800 SOL, a decrease of 10% from the previous week

The total transaction fee on the Solana network last week was 53,800 SOL, a decrease of 10% from the previous week

Bitget2025/03/11 02:30

Last week, the total transaction fees generated on the Solana network were only 53,800 SOL, marking the lowest weekly figure since September 2024.

Data shows that last week's total transaction fees fell by 10% compared to the previous week, an improvement over the average weekly decline of 25% over the past six weeks. Notably, Solana's weekly transaction fee has dropped by 85% from its historical high of 361,000 SOL during the fourth week of January (during TRUMP and MELANIA meme coin issuance). Since TRUMP was issued, Jito validator tips have also significantly decreased. Last Sunday it was equivalent to just $11,300 per day while it averaged $62,000 per day in the week when TRUMP was issued.

Similarly, a seven-day moving average of active addresses on Solana network has also fallen by about 35% during this period. These declines in fundamental indicators have affected SOL token prices which have fallen approximately by half since January 20th. Pump.fun - a major income and token generation platform for Solana - has experienced similar downturns.

Last week saw an average daily graduation rate to Raydium from Pump.fun-created tokens at just .89%, down from a daily rate of 1.6% in third week of January. Considering hundreds of thousands tokens created every day on Pump.fun , this drop-off rate is relatively significant.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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