According to ChainCatcher news reported by Cointelegraph, Solana's weekly revenue fell to $4 million last week, down 93% from the peak of $55 million during the Meme coin frenzy in January. Over the past two months, as interest in Meme coins has continued to decline, Solana's network revenue and total value locked (TVL) on-chain have significantly decreased.According to data from DefiLlama, the weekly network revenue of the Solana blockchain reached a historical high of $55.3 million during the peak of the Meme coin minting frenzy in mid-January. However, revenue has since plummeted by 93%, with only $4 million in the past week, returning to the lowest point since September of last year.Solana's weekly decentralized application (DApp) revenue has also dropped significantly, falling from $238 million in mid-January to $32 million in the past week, a decline of about 86%. Meanwhile, Solana's total value locked (TVL) in DeFi has decreased by nearly 50% during the same period, dropping from a January high of over $12 billion to the current approximately $6.4 billion.

ChainCatcher news, Trump's remarks over the weekend about the U.S. economy facing a "transformation period" weakened investors' confidence in a policy shift amid the backdrop of a market crash, exacerbating economic concerns.According to 4E monitoring, on Monday, all three major U.S. stock indices plummeted, with the S&P 500 index falling 2.7%, marking a new closing low since September last year; the Dow Jones dropped 2.08%, erasing gains since the U.S. elections in November; the Nasdaq fell 4%, recording the largest daily drop since September 2022. Major tech stocks all declined, with Tesla closing down over 15%, the largest drop since September 2020, and its stock price halved from its historical high. The combined market value of the seven major tech companies evaporated by over $830 billion on Monday, setting a record for the highest single-day market value loss.The "Black Monday" in U.S. stocks crashed the cryptocurrency market, with Bitcoin hitting a low of $76,600, the lowest in nearly four months, essentially returning to the level when Trump won the election last year. At the time of writing, it has slightly rebounded to $79,125, with a 24-hour decline of about 3.5%. Mainstream altcoins, including ETH and SOL, were also severely affected, with Ethereum dropping below $1,800, marking the lowest since October 2023.In the foreign exchange market, risk aversion pushed the dollar index up slightly, while the oil market faced pressure, with international oil prices falling by 1.5%. Affected by profit-taking and a weakening stock market, spot gold dropped by 0.7%.In the past two months, the uncertainty surrounding Trump's tariff policy has intensified market fears of a U.S. economic recession. An increasing number of viewpoints suggest that to achieve long-term goals of tariffs and reducing government size, Trump may tolerate short-term economic and market difficulties. Currently, the Federal Reserve has entered a quiet period ahead of the March 19 FOMC meeting, and the market cannot gain new policy guidance from officials' statements.

ChainCatcher message, Musk stated in response to a post about Tesla's (TSLA.O) largest single-day drop that everything will be fine in the long run.

ChainCatcher news, according to The Block, the trading volume of the "graduated" Pump.fun token has significantly decreased since the beginning of the year, reflecting both the cooling of the broader market and the evolution of trader sentiment. Daily trading volume has plummeted from a peak of $3 billion in January to about $170 million at the time of writing, a drop of 94%. This decline corresponds with a slowdown in the graduation rate of platform tokens, which has decreased from 1.85% per week to 0.83%, indicating a reduction in the number of new tokens reaching the $100,000 market cap threshold and thus qualifying for an upgrade to Raydium.The shrinkage in trading volume points to a potential fatigue among traders in the Solana meme coin ecosystem. After months of frenzied activity, many participants seem to be weary of the darker aspects of the space. Factors such as scams, dubious influencer promotions, and insider trading groups have led to a general decline in trust towards meme coins.Despite the current market slump, Pump.fun's overall impact has remained significant since its launch on January 19, 2024. In just over seven months, the platform has generated $570 million in revenue.

ChainCatcher news, according to data from IntoTheBlock, since the large-scale liquidation event on February 3, high-risk loans on the Aave mainnet have decreased by nearly $1 billion, and the amount of liquidations has also significantly declined.It is worth noting that the current market volatility is more severe than in February, which theoretically should lead to more borrowers facing forced liquidations, but the actual liquidation amount has decreased significantly. This phenomenon can be partly attributed to previous forced liquidations, but a more important factor may be the overall shift in market sentiment. Many large holders have begun to adopt more cautious strategies, actively deleveraging to reduce risk exposure in response to potential price pressures and market uncertainty.

ChainCatcher news, on Monday Trump confirmed that the tariffs on Mexico and Canada will take effect on March 4, emphasizing that there is no room for negotiation with the two countries, causing heightened market panic. According to 4E monitoring, the three major U.S. stock indices collectively closed lower, with the Dow Jones down 1.48%, the S&P 500 down 1.76%, marking the largest decline of the year, and the Nasdaq down 2.64%, erasing gains since the November election. Tech stocks led the decline, with Nvidia plummeting 8.69%, hitting the lowest closing price since September 2024.The cryptocurrency market followed the U.S. stock market with a significant drop. On Sunday, Trump posted about promoting a national cryptocurrency reserve, causing a collective surge in the market, with Bitcoin briefly reaching $95,000, then pulling back, and fluctuating lower amid market skepticism about Trump's strategic reserve leaning towards altcoins, raising concerns about "advertising space." On Monday, as the tariff hammer was raised, hopes for a last-minute tariff agreement between the U.S. and Mexico/Canada were dashed, leading to another market plunge. By the time of writing, Bitcoin had dropped 10.49% to $83,384, below the level before Trump's tweet, while Ethereum fell 16.83% to $2,038, hitting a new low.In the forex commodities sector, with tariffs looming and weak U.S. economic data, the dollar index softened, falling 1%; Trump's pressure proved effective as OPEC+ unexpectedly announced plans to restore production increases starting in April, leading to a sharp decline in oil prices, with U.S. oil down nearly 2%; the weakening dollar resonated with tariff concerns, causing spot gold to fluctuate upward throughout the day.Previously, the market had hoped that Trump's threats regarding tariffs on Mexico and Canada were merely bluster, but with confirmation, the trade war situation has intensified. Additionally, U.S. manufacturing activity growth in February approached stagnation, adding signs of stagflation to the economy. Investors are worried about tariffs and the economy, leading to heightened risk aversion, with U.S. stocks and cryptocurrencies plummeting, while U.S. bonds and gold prices rose.4E, as a financial trading platform supporting assets such as cryptocurrencies, stock indices, bulk gold, and forex, recently launched a USDT stablecoin financial product with an annualized return of 8%, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate assets wisely.

ChainCatcher news, Zhao Changpeng posted, "Waiting for the new headline: Bitcoin 'plummeted' from $1,001,000 to $985,000."Previously, Zhao Changpeng tweeted on December 17, 2020, "Waiting for the new headline: Bitcoin 'plummeted' from $101,000 to $85,000." This tweet sparked widespread discussion on social media yesterday.

ChainCatcher news, influenced by Microsoft's withdrawal of two data centers, Wall Street is concerned that AI infrastructure may face the risk of oversupply. Additionally, Trump's claim that tariffs on Canada and Mexico will continue further undermines market confidence. According to 4E monitoring, major U.S. stock indices saw more declines than gains that day, with the Dow Jones closing up 0.08%, the S&P 500 closing down 0.50%, and large tech stocks collectively falling, dragging the Nasdaq down 1.21%.The cryptocurrency market collectively plummeted under the lead of U.S. stocks. Lawmakers in South Dakota delayed a vote that could allow the state to invest in Bitcoin, effectively killing the bill and further dampening market sentiment. Bitcoin fell below $91,000, hitting a new low since February, and then slightly rebounded, currently reported at $92,245, down 3.77% in 24 hours.Ethereum and altcoins saw significant declines. Previously, the market expected Bybit to buy back ETH to replenish wallet funds, which boosted ETH's rebound. However, market news indicated that the ETH gap had been fully closed through loans and over-the-counter trading, leading to a decline in ETH. This morning, driven by the broader market, it fell below $2,500, down 11% in 24 hours. The meme momentum cooled, with Solana's price dropping below $140, marking the lowest since October, down 15% in 24 hours.In the forex commodities sector, concerns about weak U.S. economic growth led to a 0.07% drop in the dollar index. The U.S. announced a new round of sanctions on Iranian oil exports, with international oil prices rising over 0.4%. Increased demand for safe-haven assets and a weaker dollar supported spot gold, which rose over 0.53% to set a new high, with gold prices up over 12% this year, as investors focus on the $3,000 mark.Current market sentiment is relatively fragile, with deadlines approaching. Trump's tariff policies on Canada and Mexico, along with further signs of weakness in U.S. economic data, create uncertainty in the market, increasing risk aversion. Upcoming key events, such as Nvidia's earnings report on Wednesday, U.S. GDP data on Thursday, and the Fed's preferred inflation indicator PCE data on Friday, may all impact the market.eeee.com (http://eeee.com/) is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex. Recently, it launched a USDT stablecoin financial product with an annualized return of 8%, providing investors with a potential safe-haven option. 4E reminds you to be aware of market volatility risks and to allocate assets wisely.

ChainCatcher news, according to monitoring by Lookonchain, Barstool Sports founder Dave Portnoy issued the Greed token and purchased 357.92 million Greed (accounting for 35.79% of the total supply).He sold all 357.92 million Greed in a single transaction, causing the price of Greed to plummet by 99%.He made approximately $258,000 from Greed.Next, Dave Portnoy issued Greed2 and currently holds 268.25 million Greed2 (accounting for 26.8% of the total supply).

ChainCatcher news, according to The Block, based on GMCI index data, the Meme and AI token sectors have experienced the most severe declines during the recent market adjustment, with the GMMEME and GMAI indices down 60% and 56% respectively from their peaks in December 2024. Additionally, several sectors such as GML2, GMDEPIN, GMGM, and GMSOLMEME have returned to levels seen before the U.S. elections.In contrast, the U.S. concept (GMUSA) and DeFi (GMDEFI) indices have shown relatively robust performance. The GMUSA index has only retraced 29% from its peak in January 2025, covering projects like SOL, XRP, DOGE, ADA, LINK, LTC, and XLM. The GMDEFI index is down 38% from its December peak, but still outperforms the Meme and AI tokens. The GMDEFI components include LINK, OM, UNI, ONDO, AAVE, and MKR.Overall market-wise, the GM30 index (top 30 cryptocurrencies) has fallen 24% since December, primarily supported by the relative stability of BTC, XRP, and BNB, while other altcoins have generally weakened. BTC dominance (BTC.D) has increased by 13%, indicating that funds are concentrating towards Bitcoin, reflecting a massive sell-off in the altcoin market.