[Solana's daily transaction fees fall to multi-month lows as Meme coin craze cools] On August 27, The Block reported that the total daily transaction fees paid on the Solana blockchain measured in US dollars have fallen to the lowest level since early May 2024. Data showed that Solana's daily transaction fees fell to $639,000 on Monday, down 65% from the peak of $1.83 million reached on the 8th of this month, and down 87% from the all-time high of $5.08 million set on March 18. Ruslan Lienkha, head of YouHodler's market, said the decline in daily transaction fees indicated a decrease in activity on the Solana network, with Meme coin transactions being the most affected. Lienkha said: "I think the lower transaction fees are related to the cooling of the meme coin craze. Lienkha said that Solana has gained recognition as a key chain for the meme project, and the current decline in user activity may indicate the final stage of the meme coin hype in the current crypto market. He added: "This is similar to what we observed in NFT transactions in the last crypto cycle. As the meme coin bubble subsides, Solana's usage is decreasing."