TechFlow news, November 26 — According to Artemis data, the Solana network generated $70 million in fee revenue last week, approximately $35 million of which was returned to SOL holders through token burning.
Leon Waidmann, Head of Research at Onchain Insights, said that fueled by the meme coin craze, Solana's fee revenue has reached an all-time high. Key drivers behind Solana's growth include applications such as Moonshot that support Apple Pay top-ups, and the pump.fun platform, which issues over 40,000 tokens daily. Given current momentum, Solana is on track to generate over $300 million in revenue during 2024.
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