The Solana network continues to experience a decline in revenue despite the return of volatility in the market.
SOL’s price recently demonstrated some recovery but the Solana network continues to slow down. A look at the possible implications.has generally experienced a significant slowdown in network activity so far in August. An outcome that is particularly evident in the network’s on-chain revenue which slowed down considerably in the last four weeks.
Despite the revenue shortfalls, Solana’s total value locked continued recovering from the dip that occurred earlier this month. This may indicate a return of investor confidence.Transactions on the Solana network cooled down in the last 4 weeks. It averaged over 42 million transactions every day in the last week of July. However, the number of daily transactions declined below 40 million transactions in August.The network registered 32.
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