PANews reported on March 11 that according to The Block, the total transaction fees generated by the Solana network last week were only 53,800 SOL, the lowest level since September 2024, down 10% from the previous week. Among them, 77% of the fees came from "acceleration fees" (Jito tip fees) paid by users to validators, which has dropped significantly from the peak of $TRUMP and $MELANIA meme coins (the fourth week of January).

The 7-day average (7DMA) of active addresses on the Solana chain also fell by 35% during the same period, causing the price of SOL to fall by about 50% since January 20. In addition, the "graduation" rate of tokens on the Pump.fun platform in the Solana ecosystem (migrating from Pump.fun to Raydium DEX) has dropped to 0.89%/day, far lower than 1.6%/day in January.