As of February 28, 2025, Solana has experienced $485M in outflows, primarily moving to Ethereum, Arbitrum, and BNB Chain. Memecoin activity on Solana also plunged, with daily trading volumes dropping over 90% from a peak of $35.9B during the launch of Trump’s memecoin to around $2B. Solana’s TVL has also declined, falling 40% from $12B on January 19 to approximately $7.3B.

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