CHART: Solana metrics nosedive since Trump Inauguration Day
Since its exuberant highs on January 20, Solana has nearly halved from a $130 billion market cap to $70 billion today. Even the US president selecting it over Ethereum for his eponymous memecoin, TRUMP, wasn’t enough to save the blockchain from a worldwide bear market that has even cut bitcoin (BTC) by 20%. Of course, Solana is faring far worse than BTC. Since Trump entered the White House, trading volume of Solana’s native token has dropped from $24 billion to $3 billion today . Transaction fees, protocol revenue, and active users have also dropped steeply since January 20. Protos has created a chart of fundamental metrics of Solana’s blockchain since Trump became president. Since Trump’s inauguration, trading volume of Solana’s native token has dropped from $24B to $3B. Trump was supposed to be great for Solana Fees paid for SOL transactions have cratered 93% from $90 million during the week of Trump’s inauguration to less than $6 million this week...