Solana transaction fees fall to lowest level since September, network activity continues to decline

Odaily Planet Daily News Last week, the total transaction fees generated by the Solana network 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. Compared with the previous week, Solana transaction fees fell by 10%, but compared with the average weekly decline of 25% in the past six weeks, it has slowed down. In addition, Solana's weekly transaction fees fell 85% from the peak of 361,000 SOL in the fourth week of January (during the issuance of TRUMP and MELANIA memecoin). Since the issuance of TRUMP, the tip income of validators has also declined significantly, with an average daily income of only about US$11,300 last week, while the average value of TRUMP issuance week reached US$62,000. Similarly, the average number of active addresses on the Solana network for 7 days fell by 35% during this period. Affected by these declines, the SOL token price has fallen by about 50% since January 20. (The Block)