According to Cointelegraph, Solana's weekly revenue fell to $4 million last week, a 93% drop from the peak of $55 million during the January Meme coin frenzy. Over the past two months, as interest in Meme coins has continued to decline, Solana network revenue and total value locked (TVL) on the chain have plummeted. According to DefiLlama data, Solana blockchain's weekly network revenue hit a record high of $55.3 million during the peak of the Meme coin minting frenzy in mid-January. However, revenue has since plummeted by 93%, reaching only $4 million in the past week, returning to a low point not seen since September of last year.