Solana remains at the top of blockchain revenue rankings despite a significant drop in its network activity. According to data from Blockworks Research, memecoin activity on Solana has fallen by more than 80% from its peak, yet applications on the network still generate over 70% of all on-chain revenue within the ecosystem. This pattern is corroborated by Syndica’s findings, which show that Solana-based decentralized applications (dApps) accounted for 46% of total on-chain revenue across all networks in March. Although Solana continues to dominate on-chain earnings, its total network revenue has fallen by more than 90% from the peak levels seen in January. Current revenue figures have reverted to those from July 2024, indicating a slowdown in network use and user engagement. The steep decline is mainly due to reduced transaction fees.
Data from DeFiLlama shows that Solana currently collects less than $5 million in weekly fees, representing its lowest performance since September of the previous year. A major cause of this downturn is the collapse of several high-profile memecoins, such as LIBRA, which was associated with prominent political figures and fueled heavy speculation on the network. As interest in these tokens wanes, Solana’s future revenue may depend on the emergence of new applications and use cases to replace the void left by memecoins.
Solana Maintains Top Blockchain Revenue Ranking Despite Major Activity Decline
The Walt Disney Company has initiated a significant legal action against Google by issuing a cease-and-desist letter, accusing the tech giant of infringing on Disney’s copyrighted content during the training and development of generative artificial intelligence (AI) models without providing compensation.
As artificial intelligence (AI) advances and increasingly integrates into digital marketing, its influence on search engine optimization (SEO) is becoming significant.
MiniMax and Zhipu AI, two leading artificial intelligence companies, are reportedly preparing to go public on the Hong Kong Stock Exchange as early as January next year.
Denise Dresser, CEO of Slack, is set to leave her position to become Chief Revenue Officer at OpenAI, the company behind ChatGPT.
The film industry is experiencing a major transformation as studios increasingly incorporate artificial intelligence (AI) video synthesis techniques to improve post-production workflows.
AI is revolutionizing social media marketing by offering tools that simplify and enhance audience engagement.
The emergence of AI-generated influencers on social media signifies a major shift in the digital environment, sparking widespread debates about the authenticity of online interactions and the ethical concerns tied to these virtual personas.
Launch your AI-powered team to automate Marketing, Sales & Growth
and get clients on autopilot — from social media and search engines. No ads needed
Begin getting your first leads today
Lorem ipsum dolor sit amet consectetur adipisicing elit. Fuga dolor minus maiores. Aut vero expedita dicta, dolorem odit excepturi odio doloremque voluptatem repellat aliquam? Dolores nemo eum id pariatur! Nobis!
Create your own avatar to work for you — completely free of charge!
Sign up with
Google
We've sent a confirmation email to
Please check your inbox and click the link to complete your registration
Didn’t receive it? Check your Spam or Promotions folder
and get clients without any advertising investment!
Create and publish viral social media content on autopilot
AI sales managers work 24/7, with no need for sleep, food, or breaks, and speak all languages.
You have unsubscribed from the mailing list recklessly but successfully.
We are not saying goodbye and look forward to seeing you again.