Solana Network Experiences Decline in First Quarter Metrics

Solana's network data showed a significant decline in the first quarter, with total fees dropping to $89.9 million. According to PANews, both on-chain activity and speculative demand have cooled. The report covers key data such as network revenue, stablecoin dynamics, and DeFi circulation speed, while also exploring future development potential in areas like perpetual contracts and asset tokenization.