Solana’s on-chain transaction volume has dropped 28% in the past seven days

Odaily News According to DefiLlama, Solana’s on-chain transaction volume fell 28% in the seven days ending Feb. 10, totaling $31.8 billion. The slowdown in decentralized exchange (DEX) activity could signal the end of the recent memecoin craze, which peaked on Jan. 19 with the launch of the official Trump (TRUMP) token.