According to Blockworks Research, Solana's on-chain activity slowed significantly in February. According to the data, Solana's real economic value (RealEconomic Value) was $196 million, down 64% month-on-month; application revenue was $284 million, down 56% month-on-month; decentralized exchange (DEX) trading volume was $156 billion, down 54% month-on-month; stablecoin supply was $11.20 billion, down 2% month-on-month. These data suggest that the Solana ecosystem experienced a significant decrease in activity in February, following activity in January.