Solana Network Daily Transaction Fees Hit a Record High Yesterday, Reaching $33 Million

On January 20, according to The Block report, the daily transaction fees on the Solana network reached a new high of $33 million on Sunday. The surge in fees was driven by users actively participating in transactions related to the Trump family's MEME coins: TRUMP and MELANIA, leading to a significant increase in on-chain transaction volume. Since the launch of the TRUMP and MELANIA meme coins, the daily trading volume on the Solana DEX has remained stable at over $27 billion, making it the highest among all Layer 1 chains. The TRUMP coin launched by Trump has seen its market capitalization surpass $14 billion in a short period, with a fully diluted valuation reaching $70 billion at one point, placing it among the top 20 cryptocurrencies. Meanwhile, the MELANIA coin launched by Melania Trump has a market capitalization of $1.6 billion. This event has driven increased activity in the Solana ecosystem, with the SOL native token price rising by over 50% in the past week, currently trading above $260.