Ethereum

Solana

Pacific

Coin

<ul class="wp-block-list news-points">
 <li>Memecoins fuel 75-90% of Solana’s transaction fees.</li>
 <li>Solana’s DEX activity peaks during U.S. Pacific hours, unlike Ethereum and Bitcoin.</li>
 <li>Solana’s fee model keeps costs low for typical users while generating steady revenue.</li>
</ul>
Solana’s decentralized exchange (DEX) ecosystem has skyrocketed, largely driven by the rising popularity of meme coins. Meme coins account for an impressive <a href="https://coinness.com/en/news/31839" target="_blank" rel="noopener noreferrer nofollow">75-90%</a> of Solana’s transaction fees. This trend positions Solana as a dominant force in the DEX landscape, unlike Ethereum and Bitcoin, which record peak activity at U.S. market openings. Instead, Solana’s network surges in the U.S. Pacific time zone, with users engaging heavily in memecoin transactions, driving significant fee generation.
On Oct. 24, transaction-related fees on Solana surpassed <a href="https://x.com/Yuriy_Biko/status/1850491194897260795" target="_blank" rel="noopener noreferrer nofollow">$11 million</a>, marking a new all-time high, according to Blockworks Research data. It has also been dominating daily trading volumes in the decentralized finance (DeFi) ecosystem for 13 days straight, according to DefiLlama. The new record comes amid the rise of AI-related meme coin trading.
<h2 class="wp-block-heading" id="h-moomoo-meme-coin-surges-on-solana">MooMoo Meme Coin Surges on Solana</h2>
MooMoo, a new token that powers the Cows Gone Mad NFT ecosyste…
The post <a href="https://coinedition.com/the-unexpected-key-to-solanas-success-memecoins/" rel="noopener noreferrer nofollow">The Unexpected Key to Solana’s Success: Memecoins</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

The Unexpected Key to Solana’s Success: Memecoins

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