🚀 Solana's On-Chain Activity Experiences Significant Slowdown In February
#Solana #OnChainActivity #BlockworksResearch #EconomicValue #ApplicationRevenue #DEZTradingVolume #StablecoinSupply #Cryptocurrency #SOL
According to Foresight News, Blockworks Research has revealed a noticeable decline in Solana's on-chain activity during February. The data indicates that Solana's Real Economic Value dropped to $196 million, marking a 64% decrease from the previous month. Additionally, application revenue fell to $284 million, representing a 56% decline. Decentralized exchange (DEX) trading volume also saw a significant reduction, reaching $156 billion, which is a 54% decrease. Meanwhile, the stablecoin supply on Solana decreased slightly by 2%, totaling $11.2 billion.#Solana #OnChainActivity #BlockworksResearch #EconomicValue #ApplicationRevenue #DEZTradingVolume #StablecoinSupply #Cryptocurrency #SOL