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Solana meme coins like Slerf have bolstered on-chain activity on the altcoin network as pre-sale projects stack millions in SOL within hours.&nbsp; 
Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="noreferrer noopener">SOL</a>) decentralized exchanges (DEX) outperformed Ethereum-native platforms, such as Uniswap, and Binance Smart chain-based solutions, like Pancakeswap, in trading volume over the last 24 hours amid a memecoin marathon. 
According to CoinGecko, Raydium, Jupiter, and Orca secured the top three spots for daily transaction activity across all indexed on-chain swapping venues. Raydium’s $2.2 billion, Jupiter’s $2.1 billion, and Orca’s $1.4 billion edged ahead of $1.2 billion and $682 million recorded by Uniswap and Pancakeswap, respectively. 
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 <img loading="lazy" decoding="async" width="1024" height="611" src="https://crypto.news/app/uploads/2024/03/Screenshot-332-1024x611.png" alt="Solana" class="wp-image-14259334">
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 DEX 24-hour trading volume | Source: <a href="https://www.coingecko.com/en/exchanges/decentralized" target="_blank" rel="noreferrer noopener">CoinGecko</a>
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</figure> 
 You might also like: <a href="https://crypto.news/slerf-creator-burns-10m-raised-from-investors-due-to-mindless-misclick/"> Slerf creator burns $10m raised from investors due to ‘mindless misclick’ </a> 
<h2 class="wp-block-heading" id="solana-s-slerf-others-fuel-crypto-gambling">Solana’s Slerf, others fuel crypto gambling</h2> 
CoinGecko also marked the hottest Raydium pair as <a href="https://crypto.news/price/slerf/" target="_blank" rel="noreferrer noopener">SLERF</a>/SOL, a meme coin that <a href="https://crypto.news/slerf-creator-burns-10m-raised-from-investors-due-to-mindless-misclick/" target="_blank" rel="noreferrer noopener">obliterated</a> $10 million in SOL raised by speculators and early investors during its pre-sale round.&nbsp; 
The project’s website said its top contributor injected $200,000 or around 1,000 SOL into the meme coin pre-launch. The investor could not realize profits due to an error by the Slerf developer, who claims to have burned all SOL tokens raised by liquidity providers.&nbsp; 
Slerf surged from $1.5 million to nearly $1 billion in market cap, generating hype and garnering multiple centralized exchange listings before it crashed below a $300 million valuation. Traders swapped over $2 billion of the meme coin within its first 12 hours.&nbsp; 
The trend of raising millions in SOL in hours of a pre-sale announcement is fast becoming common in Solana’s ecosystem. As crypto.news reported, NFT project Milady attracted $18 million in two hours after sharing its latest offering dubbed Milady wif hat. 
The idea is inspired by the viral meme play Dogwifhat (<a href="https://crypto.news/price/dogwifhat/">WIF</a>), which earlier this month grossed a market cap of $3.2 billion. 
Sustained interest in Solana’s ecosystem has also benefitted the SOL token. In the last week, SOL increased over 35% above $200, less than 25% off its previous all-time high of $259, achieved in November 2021. 
 Read more: <a href="https://crypto.news/milady-meme-coin-presale/"> Milady’s new meme coin presale attracts $18m in 2 hours </a>

Solana meme coins move 24-hour DEX volumes above competitors

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