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Solana 102.4 billion dollars in the trading volume in February, and the market is exported despite a 60 % monthly decrease. The size of the refrigeration is associated with mechanical madness after the symbolic failure of the scale.
Despite the decrease in sizes, Solana recorded more than $ 100 billion in size for the fourth month in a row. Its size was more than $ 260 billion for monthly trading in January, as the previous record of $ 120.5 billion achieved more than twice.
The total number of trading on the chain fell by about 200 billion dollars last month, with most of the main Blockains recorded losses, except Binance Smart series (BSC). Trading volume reached 81.1 billion dollars, or only $ 600 million in January.
However, it was not enough to overcome ethereum For second place, with a trading volume of $ 100 million over bachelor’s degree last month.
Mumikwin trading is shrinking
According to Block Agency DataMemecoins accounted for approximately $ 206 billion in the monthly trading volume of Solana in January, which represents 79 %.
However, the volume decreased sharply in February, with a total of $ 99.5 billion. However, it still represents 97.1 % of the monthly trading volume of Solana.
The numbers highlight how Solana trading activity depends heavily on Memecoins, a sector that is severely affected by the scale icon accident.
On February 14, Javier MileyThe President of Argentina, supported the microen, claiming that it was a way to finance Argentine projects.
After a tweet, the distinctive code jumped in the price and achieved a $ 4.5 billion roof. However, the price of the scale decreased by 95 % in the next two days.
In addition to the Karama -related frustration, a symbol by the president, the episode raised questions about the trading activity from the inside, and a report issued by Nanson indicated that two portfolios benefited from 10 million dollars from purchasing the distinctive symbol after the publication of Miley about it.
Moreover, MEMECOINS recorded an average decrease of approximately 46 % in February, where the encryption market recorded a average decrease of 37 % for each artemis data.
It is worth noting that the end of the Memoin madness is still hurting Solana in March, as Ethereum occupied the initiative in the monthly trading volume until now after his successor for five months.
