Gemini

Solana

Memecoin

<h4><strong><a href="https://www.altcoinbuzz.io/?s=solana+dapps" target="_blank" rel="noopener">Solana-based dapps</a> are back at the center stage, recording impressive fees in recent days. </strong></h4> 
<p>On-chain data shows that several Solana dapps saw record revenue and fees over the weekend.</p> 
<h5><strong>Gemini Launches in France After DASP Approval</strong></h5> 
<p>Data from <a href="https://defillama.com/chain/Solana" target="_blank" rel="noopener">DefiLlama</a> shows that 5 of the top 10 protocols by fees were Solana-based. Raydium, a popular AMM on Solana, raked in over $11 million in fees on November 17th.</p> 
<p>Behind Raydium was Jito Protocol, a liquid staking platform with $9.87 million in fees.</p> 
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 <blockquote class="twitter-tweet"> 
  <p dir="ltr" lang="en">Due to a memecoin frenzy, over the past 24 hours, half of the top 10 crypto protocols by fees generated were on Solana.</p> 
  <p>This is either a massive top signal or radical shift in market activity. <a href="https://t.co/iKAbqSYx6j">pic.twitter.com/iKAbqSYx6j</a></p> 
  <p>— Patrick Scott | Dynamo DeFi (@Dynamo_Patrick) <a href="https://twitter.com/Dynamo_Patrick/status/1858231122456351215?ref_src=twsrc%5Etfw">November 17, 2024</a></p>
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 <h5><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><strong style="color: var(--td_text_color, #111111); font-family: var(--td_default_google_font_2, 'Roboto', sans-serif); font-size: 17px;">What’s behind this?</strong></h5> 
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<p>Solana’s recent resurgence is all thanks to <a href="https://www.altcoinbuzz.io/reviews/next-100x-ai-memecoins-on-solana-do-not-miss/" target="_blank" rel="noopener">a new wave of meme coin mania</a>. Meme coins, driven by improved market sentiment caused by Donald Trump’s recent win, have seen a surge in market capitalization in recent days.</p> 
<p>Recall that Solana-based meme coins took the market by storm earlier this year, recording explosive numbers. The new market surge appears to have triggered a resurgence in that part of the market. Mid-cap meme coins on Solana have surged by over 6% recently.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Just In: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> market cap reaches a new all-time high!<a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw">#Solana</a> monthly total DEX volume surpasses $70B for the first time ever!</p> 
 <p>Solana is holding at $242 now!<br> Will Solana price double as dominance soars to new ATH? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/OMumDnnW2H">pic.twitter.com/OMumDnnW2H</a></p> 
 <p>— Akanksha Saxena (@Akanksha_as17) <a href="https://twitter.com/Akanksha_as17/status/1858477807480762788?ref_src=twsrc%5Etfw">November 18, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>On the other hand, <a href="https://www.altcoinbuzz.io/?s=solana" target="_blank" rel="noopener">Solana</a> has reached a major milestone, hitting its highest-ever weekly <a href="https://solana.blockworksresearch.com/?interval=weekly&amp;dashboard=sol-financial" target="_blank" rel="noopener">real economic value activity</a>. This achievement highlights the growing adoption and use of Solana’s blockchain for real-world applications, including decentralized finance (DeFi), NFTs, and payment solutions. As developers and users flock to the platform, Solana’s record-breaking week solidifies its position as a major player in the crypto space, paving the way for further innovation and growth.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">BREAKING: SOLANA HITS HIGHEST WEEKLY REAL ECONOMIC VALUE ACTIVITY IN ITS HISTORY <a href="https://t.co/tdD7HBL0D1">pic.twitter.com/tdD7HBL0D1</a></p> 
 <p>— DEGEN NEWS (@DegenerateNews) <a href="https://twitter.com/DegenerateNews/status/1858537639005004225?ref_src=twsrc%5Etfw">November 18, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>Is a New ATH Next for SOL?</strong></h5> 
<p><a href="https://www.coingecko.com/en/coins/solana" target="_blank" rel="noopener">$SOL</a> has pumped 54% in the last 30 days and 17% in the last 7 days alone. $SOL is only 5% away from its all-time high of 260.06, which it hit in the last bull run. Judging by its recent growth trend, crypto experts expect Solana to crush its previous ATH and establish a new one.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw">#Solana</a> is evolving quickly</p> 
 <p>We will retest this old ATH</p> 
 <p>which is $260</p> 
 <p>It’s a matter of time before we hit the $300 goal</p> 
 <p>We will see in the coming months a <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> at $300/$600</p> 
 <p>We bought during this accumulation at $145 I would not sell any of my <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw">#SOL</a> before reaching $400 <a href="https://t.co/E21znFJnxg">pic.twitter.com/E21znFJnxg</a></p> 
 <p>— TraderMv (@DBoardCrypt) <a href="https://twitter.com/DBoardCrypt/status/1858153837233606774?ref_src=twsrc%5Etfw">November 17, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Solana is no doubt profiting from the ongoing rally triggered by Donald Trump’s pro-crypto win. As previously mentioned, Solana’s ecosystem is also buzzing with growth. <a href="https://www.altcoinbuzz.io/?s=pump+fun" target="_blank" rel="noopener">Pump.Fun</a>, a meme coin launchpad on Solana, recently recorded $1.65 million in fees, its seventh-highest day of earnings.</p> 
<p><iframe title="ATTN! Crypto Whales Buying ONLY These Memecoins! Solana Sol HBAR on Fire!!" width="696" height="392" src="https://www.youtube.com/embed/OBfMy29kYwU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/regulations/solana-dapps-hit-record-fees-amid-memecoin-boom/">Solana DApps Hit Record Fees Amid Memecoin Boom</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Solana DApps Hit Record Fees Amid Memecoin Boom

Altcoin Buzz

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