Solana experienced a significant decline in on-chain activity during June, with a 48% drop in its Real Economic Value (REV) to 63 million USD, and app revenues decreased by 38%.
The DeFi Development Corporation acquired 17,760 SOL on Thursday, raising its total holdings to 640,585 SOL, following a 112 million USD private placement.
Despite falling metrics, Solana’s price consistently remained above 150 USD, and the network still accounted for 31% of the global demand for on-chain transactions.
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