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

Odaily Planet Daily reported that the total transaction cost generated by Solana Network last week was only 53800 SOL, the lowest level since September 2024. Among them, 77% of transaction fees come from the "tipping fee" paid by users to network validators to prioritize transaction processing. Compared to the previous week, Solana transaction fees have decreased by 10%, but the average weekly decline of 25% over the past six weeks is considered to have slowed down. In addition, Solana's weekly transaction fees have decreased by 85% compared to the peak of 361000 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 significantly declined, with an average income of only about $11300 last Sunday, while the weekly average value of TRUMP issuance reached $62000. Similarly, the average active addresses of Solana network decreased by 35% during this period. Affected by the decline in these indicators, the price of SOL token has dropped by about 50% since January 20th. （The Block）