According to Coinotag, Solana’s network activity plummeted 97% in Q4 2025, with active traders falling from over 30 million in late 2024 to under 1 million. The decline is attributed to a 90% drop in memecoin trading volumes, a key driver of traffic and revenue. SOL’s price fell 58% to $120 amid broader market downturns, while Ethereum outperformed in annual revenue by a factor of three.
Solana’s Network Activity Drops 97% in Q4 2025 Amid Memecoin Collapse
CoinotagShare
Summary
Solana’s network activity fell 97% in Q4 2025, according to Coinotag, with active traders dropping from over 30 million in late 2024 to under 1 million. Network metrics show a 90% decline in memecoin trading volumes, a major traffic source. SOL’s price dropped 58% to $120, while Ethereum generated three times more annual revenue.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.