After a year of impressive growth in 2024 and a subsequent 60% drop in the network’s daily active addresses, Solana is now facing one of its most turbulent periods since rising to the ranks of top-tier blockchains. Now, rumors of a $50 million deal with Western Union for a six-month partnership have split the community. Is this a strategic move to expand real-world payment adoption — or just an expensive PR play as Solana’s on-chain activity cools off? The Reality Behind the 60% Decline: What Is Solana Losing? From a technical perspective, the 60% drop in daily active users is more than a statistical dip; it signals deeper structural issues. The decline may stem from higher fees during network congestion, a still-clunky wallet experience, and increasingly aggressive MEV (Maximal Extractable Value) attacks targeting retail users
source: https://beincrypto.com/solanas-user-drop-meets-50m-western-union-bet-bold-adoption-play-or-expensive-pr/