Golden Finance reported that according to data from The Block, transaction activity on the Solana blockchain dropped sharply in August. The monthly non-voting transaction volume on Solana hit a multi-month low in August, lower than the level for most of 2024. The transaction volume exceeded 700 million per month before August. This decline has restored transaction activity to its highest level since September 2023, when the transaction volume was 494 million. In addition, the number of Solana mobile users fell from 1.31 billion in July to 485.61 million, a drop of nearly 63%.