Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000

October 7, 2025

Ethereum Faces TD Sell Signal At Key Resistance—$4,100 Next?

October 7, 2025

Dutch crypto firm Amdax raises $35m to buy Bitcoin

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

Solana revenue slumps 93% from January high after memecoin bubble bursts

March 11, 2025Updated:March 11, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana revenue slumps 93% from January high after memecoin bubble bursts
Share
Facebook Twitter LinkedIn Pinterest Email
ad


Solana community income and whole worth locked onchain have collapsed previously two months as curiosity in memecoins has continued to taper off. 

Weekly community income on the Solana blockchain hit a report excessive of $55.3 million in mid-January amid the peak of the memecoin minting frenzy. 

Nevertheless, income has since tanked 93% to round $4 million previously week, again to ranges not seen since September, in line with DefiLlama information. 

Solana weekly decentralized utility (DApp) income has additionally slumped round 86% from $238 million in mid-January to $32 million for the previous week.  

In the meantime, DeFi whole worth locked on Solana has additionally declined by nearly 50% over the identical interval, falling from a January excessive of simply over $12 billion to present ranges of round $6.4 billion. 

Solana revenue slumps 93% from January high after memecoin bubble bursts

Solana weekly income and TVL. Supply: DefiLlama

Memecoin buying and selling, totally on the Pump.enjoyable platform includes roughly 80% of the Solana blockchain’s revenues, in line with a March 5 report by VanEck. 

Pump.enjoyable day by day income hit a peak of $15 million in late January however has since slumped by round 95% to $800,000 on March 7, in line with information from Dune Analytics. 

Memecoin mania peaked when Donald Trump launched his personal namesake token (TRUMP) on Jan. 18, shortly adopted by his spouse, Melania, who launched MELANIA on Jan. 20.

“The launch of TRUMP and MELANIA marked the highest for memecoins because it sucked liquidity and a spotlight out of all the opposite cryptocurrencies,” stated CoinGecko founder Bobby Ong on March 6. 

Each tokens surged following their launches however dumped within the days that adopted. TRUMP is presently down 86% from its peak, buying and selling at $10.50, whereas MELANIA has collapsed 95% in simply seven weeks to $0.71.

Associated: Solana down 45% since Trump token launch as memecoins divert liquidity

Memecoin market cap hit a peak of $137 billion in December however has since tanked 68% to $44 billion, in line with CoinMarketCap. 

Memecoin market cap meltdown. Supply: CoinMarketCap

Solana (SOL) costs have additionally taken a battering over the previous few weeks, leading to a 58% fall from their mid-January all-time excessive of $293. The asset was down an additional 5% on the day, buying and selling at $122 on the time of writing. 

Journal: Bitcoin’s odds of June highs, SOL’s $485M outflows, and extra: Hodler’s Digest