Solana DApps Set Records as Memecoin Mania Returns

Nov 18, 2024 · Solana DApps Shine Amid Memecoin Frenzy. On November 17, Solana’s Raydium, an automated market maker, generated a record $11.31 million in fees. Similarly, …

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Solana DApps Set Records As Memecoin Mania Returns

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Nov 18, 2024 · Solana DApps Shine Amid Memecoin Frenzy. On November 17, Solana’s Raydium, an automated market maker, generated a record $11.31 million in fees. Similarly, …

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Solana DApps Hit Record Transaction Fees Of Over $11 Million As ...

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Nov 18, 2024 · The Return of the Memecoin Mania and Its Impact on Solana. The surge in transaction fees across several Solana protocols coincided with the resurgence of memecoin …

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Solana DApps Break Records: Memecoin Mania Returns

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Photon: A Telegram trading bot for Solana memecoins, earning $2.36 million – its fifth-best day on record. Memecoin Mania and the Rise of SOL The spike in activity around Solana protocols is …

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Meme Coin Frenzy Highlights Solana DApp Limitations - BeInCrypto

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Jan 30, 2025 · The significant surge in trading volume on the Solana network, which reached a record high of $10 billion in 24 hours, inevitably placed considerable strain on the ecosystem. …

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FAQs about Solana DApps Set Records as Memecoin Mania Returns Coupon?

Are Solana-based decentralized finance applications reviving memecoin Mania?

Solana-based decentralized finance applications (DApps) notched record fees and revenue activity in the last 24 hours amid an apparent return of memecoin mania. ...

Why are Solana protocol fees so high?

The record fees for several Solana protocols come amid a frenzy of speculation on memecoins and a major price move for the native Solana token (SOL) itself, which pushed to $242 — its highest since November 2021. ...

How much money did memecoins make a day?

Meanwhile, the memecoin launchpad pump.fun saw its seventh-highest day of earnings, netting $1.65 million in fees. Photon, a Telegram trading bot for Solana memecoins, was the seventh-highest earning product, generating its fifth-highest day of fees on record at $2.36 million. ...

How many defillama protocols are on Solana?

According to a Nov. 18 X post from decentralized finance (DeFi) commentator Patrick Scott, who cited DefiLlama data, five of the top 10 protocols by fees in the last 24 hours were on Solana. Five of the top 10 protocols by fees were on Solana on Nov. 17. Source: DefiLlama ...

Why is Solana's market cap increasing?

The increase in market cap comes from overall growth in the number of Solana tokens being issued as a part of its inflation schedule, which rewards stakers for their efforts with newly minted SOL tokens. At the time of publication, Solana’s inflation rate is running at 4.9% and decreases at a rate of 15% per year, per SolanaCompass data. ...