The Block data shows that the core metrics of Solana ecosystem's meme coin issuance platform, PumpFun, continue to weaken. Over the past three months, its token graduation rate has dropped by about 80% to 0.26%. Since June, its average daily revenue is around $800,000, a decline of over 80% compared to approximately $4.8 million six months ago. Due to the cooling of PumpFun activities, Solana network fee revenue has also dropped from an average of about 33,000 SOL per day in January to around 5,300 SOL per day in June. The Block believes that some of the funds previously flowing into the Solana meme coin market may have shifted to platforms like Hyperliquid for trading perpetual contracts in cryptocurrencies, stocks, and commodities. https://www.(wublock123.com)/news/pumpfun-token-graduation-rate-falls-80pc-solana-fee-revenue-drop-62917