TechFlow reports on February 13 that, according to The Block, transaction activity on the Solana blockchain has noticeably cooled recently. The daily trading volume of graduate tokens from pump.fun has dropped to $560 million, the lowest level since Christmas 2024, down 82% from the record high of $3.13 billion set three weeks earlier.
Last week, the graduation rate of pump.fun tokens moving to Raydium was only 1.04%, down from 1.54% and 1.59% in the previous two weeks. Meanwhile, tips paid to Jito validators have declined to 23,800 SOL (approximately $4.8 million), compared to 42,000 SOL (around $9.9 million) and 68,500 SOL (about $17.5 million) in the prior two weeks, indicating a significant drop in transaction activity.
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