Solana’s transaction fees hit 53,800 SOL, the lowest since September 2024, reflecting a significant drop in network activity and user engagement.
Validators are set to vote on proposals that could impact staking rewards and inflation, potentially reshaping the network’s economic structure.
The Solana network’s transaction fees have dropped to their lowest level since September 2024. Just 53,800 SOL were created from transaction fees in the past week—a far smaller amount than at the start of the year.
Actually, the network had made up to 361,000 SOL in a single week in January 2025, mostly due to the frenzy of meme coins like TRUMP and MELANIA drawing market attention.
User Activity on Solana Faces a Sharp Decline
Still, this tendency is about more than just transaction fees. Looking further, the average 7-day count of active addresses on the network has dropped by 35% recently.
Platforms including Jito, Magic Eden, and Save have also suffered; in the last 30 days, active us
