Surge in Activity
A surge in memecoin trading has sent the volume on Solana’s decentralized exchange (DEX) to record highs. According to DefiLlama, Solana’s volume hit $3.8 billion on Saturday, surpassing previous records.
Rising Value
Solana’s total value locked (TVL) has also soared to $4 billion, indicating the growth of the crypto ecosystem.
Memecoin Success
The surge is largely driven by the popularity of memecoins on Solana. Book of Meme (BOME), Dogwifhat (WIF), and BONK have all recorded significant trading volumes.
Jupiter’s Rise
Solana-based DEX aggregator Jupiter (JUP) has even surpassed Ethereum’s Uniswap (UNI) V3 in volume in the past 24 hours. JUP’s token has surged 143% in the last month, while Solana itself has gained 58%.
Disclaimer: This information is for informational purposes only and should not be considered investment advice.
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