Solana's network revenue has taken a m***ive hit, dropping from $55M in January to just $4M—a shocking 93% decline! The main reason? A fading meme coin craze, which previously drove much of Solana's activity.

Key Reasons for the Drop:

• Platforms like Pump.fun fueled the boom, but with meme coins like TRUMP and MELANIA losing 80-95% of their value, revenue has dried up.
• Total Value Locked (TVL) has dropped 50% from its peak, showing reduced user activity.
• SOL itself has fallen 58% from its ATH of $293.Hope for a Comeback?

Solana is working on an upgrade (SIMD-0228) to improve Tokenomics and attract developers. If successful, it could reduce reliance on speculative ***ets and stabilize the network long-term.

📢 What do you think? Can Solana bounce back, or is this the start of a bigger decline? Let’s discuss! 🚀👇