According to Cointelegraph, Solana's weekly revenue fell to $4 million last week, down 93% from the peak of the Meme coin fanaticism in January. Solana's network revenue and on-chain total lock-in value (TVL) have dropped sharply over the past two months as market interest in Meme coins continues to decline. According to DefiLlama, Solana blockchain’s weekly network revenue hit an all-time high of $55.3 million at the peak of the Meme coin minting frenzy in mid-January. However, revenue has since plummeted 93%, reaching just $4 million in the past week, returning to its lows since September. Solana's weekly decentralized apps (DApp) revenue also fell sharply, falling from $238 million in mid-January to $32 million in the past week, a drop of about 86%. Meanwhile, Solana's total DeFi locked value (TVL) also fell nearly 50% over the same period, falling from its January high (more than $12 billion) to its current level of about $6.4 billion.