The memecoin market continues to bleed out, and it's taking Solana with it. Solana’s chain revenue is down 90% from its January highs, back at levels not seen since September. The chain earned an average of $4 million per week over the last two weeks, compared to $38.5 million per week between Jan. 13 and Jan. 27, coinciding with the memecoin mania catalyzed by the TRUMP memecoin. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io