Is Solana Dying? Memecoins Crisis Threatens the Future of the Blockchain

TL;DR Solana lost 93% of its revenue since its peak in January due to the drop in trading volume and the collapse of memecoins. The activity of trading bots, which once accounted for 86% of transactions, has drastically decreased, further weakening the ecosystem. Solana’s TVL fell from $11 billion to $6.96 billion, reflecting a loss ... source: https://crypto-economy.com/is-solana-dying-memecoins-crisis-threatens-the-future-of-the-blockchain/