The number of daily active validators on the Solana blockchain has fallen below 800, marking a significant decline of over 65% from its peak of approximately 2,500 validators at the start of 2023. This drop returns the network to validator levels last seen in 2021. The decrease is attributed to changes in economic incentives, including reduced cost support and staking matching policies from the Solana Foundation Delegation Program. Despite the reduction in validators, Solana's non-vote transaction volumes, such as DApp interactions and token transfers, have remained stable, maintaining an average of about 100 million transactions per day. Meanwhile, validator vote transaction volume has decreased by 40%, from around 300,000 daily transactions to 170,000.