Solana’s onchain trading activity has slowed ... This marks the lowest daily average since Christmas 2024 and represents an 82% decline from the record high of $3.13 billion set three weeks ...

Pump.fun, the launchpad responsible for around 60% of Solana’s token launches, is feeling the squeeze. The platform recorded just 35,152 new tokens on Feb. 19, its weakest day since Christmas 2024.

Solana’s onchain trading activity has slowed sharply in recent weeks, with volume across pump.fun tokens averaging just $560 million per day in the latter half of last week. This marks the lowest ...