According to Deep Tide TechFlow news on November 26, data from Artemis shows that the Solana network generated $70 million in fee revenue last week, of which approximately $35 million was returned to SOL holders through token burn.
Onchain Insights Research Director Leon Waidmann stated that the Solana network fee revenue reached an all-time high driven by the meme coin frenzy. Key factors driving the growth of the Solana network include applications such as Moonshot, which supports Apple Pay top-ups, and the activity of the pump.fun platform, which issues over 40,000 tokens daily. Given the current development trend, Solana is expected to achieve over $300 million in revenue by 2024.
