Meme Token Craze Attracts Attention in Solana

With the interest generated by the meme token trend, Solana (SOL) has seen a significant increase in the number of investors and trading volume. According to recent data, Solana generated a weekly transaction fee of $20.14 million, placing it second after Ethereum. Solana’s Weekly Fee Revenues Are Increasing This gain is recorded as the highest weekly revenue for Solana, while the market share also increased to 10.75%. Daily market share also showed a stable increase throughout the week, exceeding 12%. Individual investors showed intense interest in Solana due to the newly released meme tokens. Crypto analyst David Alexander II noted that Solana achieved a significant increase in total daily fees, breaking the 1% mark. Record Number of Solana Users Solana’s daily active user count reached a record level of 2.1 million on March 17th. This increase triggered by the meme token movement also led to an increase in trading volume […]

Meme Token Craze Attracts Attention in Solana

With the interest generated by the meme token trend, Solana (SOL) has seen a significant increase in the number of investors and trading volume. According to recent data, Solana generated a weekly transaction fee of $20.14 million, placing it second after Ethereum.

Solana’s Weekly Fee Revenues Are Increasing

This gain is recorded as the highest weekly revenue for Solana, while the market share also increased to 10.75%. Daily market share also showed a stable increase throughout the week, exceeding 12%.

Individual investors showed intense interest in Solana due to the newly released meme tokens. Crypto analyst David Alexander II noted that Solana achieved a significant increase in total daily fees, breaking the 1% mark.

Record Number of Solana Users

Solana’s daily active user count reached a record level of 2.1 million on March 17th. This increase triggered by the meme token movement also led to an increase in trading volume on Solana-based decentralized exchanges (DEX), even surpassing Ethereum’s DEX volumes in some cases.

Increased trading volume and investor interest contributed to attracting more liquidity to Solana, and the total locked value (TVL) exceeded $8 billion for the first time since January 2021, reaching an all-time high.

Solana’s SOL token, for the first time since December 2021, rose above $200, maintaining its position as the fifth largest cryptocurrency, but it later declined to $174 due to subsequent profit realizations.

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how to buy crypto?
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