Ethereum

Billy

Solana

2024

Bonk

<p>The world of memecoins on Solana is buzzing, with performances exceeding all expectations. Despite a rocky start, Solana has managed to turn things around and establish itself as a prominent leader in the meme crypto sector, outperforming Ethereum by 800% since the beginning of the year.</p>
<h2 id="h-memecoins-on-solana-an-increase-of-800-compared-to-ethereum">Memecoins on Solana: an increase of 800% compared to Ethereum</h2>
<p>Last April, the flame of memecoins on Solana <a href="https://www.cointribune.com/en/crypto-these-meme-coins-solana-fall-after-only-1-month/" target="_blank" rel="noopener noreferrer nofollow">seemed to flicker</a>. Investors, disappointed by the <strong>poor performances</strong> and recurring issues of some meme cryptos, were beginning to lose hope.</p>
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   Top 10 meme cryptos on Solana – Source: <a href="https://www.coingecko.com/en/categories/solana-meme-coins" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a>
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<p>However, Solana decided to take the bull by the horns. The blockchain undertook <strong><a href="https://www.cointribune.com/en/crypto-solana-declares-war-on-problematic-memecoins/" target="_blank" rel="noopener noreferrer nofollow">a series of measures</a> to address the problematic memecoins</strong> and clean up its ecosystem. These efforts quickly paid off.</p>
<p>CoinMarketCap <a href="https://coinmarketcap.com/academy/article/according-to-cmc-2024-h1" target="_blank" rel="noopener noreferrer nofollow">reports</a> from the <strong>first half of 2024</strong> show that <strong>memecoins based on Solana have outperformed those of Ethereum by 800%</strong>. An impressive performance that clearly illustrates Solana’s resilience and innovation.</p>
<p>Memecoins such as <strong>Dogwifhat (WIF), Bonk (BONK), and Billy (BILLY) have contributed</strong> to this success. Dogwifhat jumped by 12.34% in just 24 hours, becoming the leading meme coin on Solana. As for Billy, its market capitalization soared by 97%, reaching $117 million.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:WIFUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:WIFUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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<p>These successes are explained by Solana’s <strong>ability to attract talented developers</strong> and create an environment conducive to the growth of memecoins.</p>
<p>Moreover, Solana has been quick to adapt to the challenges posed by the meme crypto market, notably by enhancing security and fostering transaction transparency.</p>
<h2 id="h-the-growth-of-meme-cryptos-on-a-rising-blockchain">The growth of meme cryptos on a rising blockchain</h2>
<p>The growth of meme cryptos on Solana is not limited to a few isolated successes. It reflects a larger trend across the entire memecoin ecosystem.</p>
<p>With <strong>a market share of 9.64%,</strong> Solana dominates the sector, leaving behind Ethereum and other blockchains.</p>
<p>This dominance can be attributed to several factors. Firstly, the <strong>commitment of the Solana community</strong>, which has been able to mobilize significant resources to support and promote memecoins.</p>
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<p>Secondly, Solana’s <strong>technological innovation</strong>, which offers fast and low-cost transactions, thus attracting many developers and investors.</p>
<p>The successes of Dogwifhat and Billy well illustrate this dynamic. In addition to their impressive performances, these meme cryptos have benefited from <strong>massive community support</strong> and promotion by celebrities.</p>
<p>For example, Ariana Grande shared a meme highlighting the crypto Michi, leading to an 18% increase in its value. These initiatives clearly show how Solana has managed to create an attractive and dynamic ecosystem for memecoins.</p>
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<p>Finally, the influence of celebrities and the increase in capital invested in meme cryptos have also played a key role. Solana has been able to capitalize on these opportunities to strengthen its market position and attract new investors. The blockchain continues to <a href="https://www.cointribune.com/en/crypto-the-surprising-impact-of-memecoins-on-solanas-growth/" target="_blank" rel="noopener noreferrer nofollow">record growth milestones</a>, solidifying its status as a leader in the memecoin sector.</p>

Crypto: Solana Establishes New Records with its Memecoins

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