Straightforward monetary policy decisions may not work in this scenario as lower interest rates would push inflation higher but would help economic activity while higher rates will depress the economy but will keep inflation in check.

Straightforward monetary policy decisions may not work in this scenario as lower interest rates would push inflation higher but would help economic activity while higher rates will depress the economy

Monetary policy decisions may not be straightforward in this scenario. Lower interest rates will push inflation higher but will help economic activity while higher rates will depress the economy but will keep inflation in check.

Crypto assets have struggled to respond to this uncertainty as reflected by their weekly performance. For example, Bitcoin (BTC) and Ethereum (ETH) have delivered gains of 1.7% and 0.9% during this period.

Solana (SOL) has shined lately, propelled by higher trading activity in the meme coin space as tokens like Fartcoin (FART), Popcat (POP), and Bonk (BONK) have rallied.

Solana’s On-Chain Activity Has Dropped

Despite a recent drop, FART has still managed to produce 30-day gains of 128%, making it one of the best-performing assets in this category during this period.

However, is FART’s rally enough to push Solana higher?

On-chain data from DeFi Llama shows that Solana’s daily transaction volumes are still on a downtrend and have accumulated a 21% decline since the year started.