Odaily News The total transaction fees generated by the Solana network last week were only 53,800 SOL, the lowest level since September 2024. Among them, 77% of the transaction fees came from "tipping" paid by users to network validators to prioritize transactions.
Solana transaction fees fell 10% from the previous week, but this is a slowdown from the 25% average weekly decline over the past six weeks. In addition, Solana’s weekly transaction fees fell 85% from the peak of 361,000 SOL in the fourth week of January (during the launch of the TRUMP and MELANIA memecoins).
Since the release of TRUMP, validators' tip income has also declined significantly, with an average daily income of only about $11,300 last week, while the average weekly income of TRUMP was $62,000. Similarly, the 7-day average of active addresses on the Solana network fell 35% during this period. Affected by these declines in indicators, the price of SOL tokens has fallen by about 50% since January 20. (The Block)