[Pump.fun's trading activity plummets 80% in three months, Solana network fees decline accordingly] According to The Block, the activity of Pump.fun, a meme token launch platform that once dominated on Solana, continues to deteriorate, with token graduation rates, revenue, and network fees all experiencing significant declines. The 7-day average token graduation rate for Pump.fun dropped to 0.26% last week, an 80% decrease over three months. Daily revenue in June was only around $800,000, far below the $4.8 million recorded six months ago. The PUMP token has fallen 40% over the past six months. Pump.fun's decline has also impacted the Solana network, with Solana's average daily network fees dropping to 5,300 SOL in June, significantly lower than the 33,000 SOL recorded in January.