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    Home»Altcoins»Meme Coin Mania Fires Solana Apps To Document Charges And Revenues
    Meme Coin Mania Fires Solana Apps To Document Charges And Revenues
    Altcoins

    Meme Coin Mania Fires Solana Apps To Document Charges And Revenues

    By Crypto EditorNovember 18, 2024No Comments3 Mins Read
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    Apps on the Solana blockchain hit file charges and revenues within the final 24 hours, pushed by a surge in exercise amid a brand new wave of meme coin mania following Donald Trump’s election win.

    5 out of the highest 10 protocols by way of charges within the final 24 hours have been on Solana, in keeping with a Nov. 18 publish on X by Patrick Scott, who cited information from DefiLlama.

    The meme coin sector surged one other 3.5% to hit a market capitalization of $126 billion previously day, including to turbocharged good points final week.

    Meme Coin Mania Fires Solana Apps To Document Charges And Revenues

    Raydium Units A New Charge Document

    Raydium, the Solana-based market maker, achieved a file $11.31 million in charges on Nov. 17. Liquid staking protocol Jito additionally noticed a surge in exercise throughout the identical day, pushing the decentralized platform’s day by day charges to $9.87 million. This marked Jito’s third-highest day of charges as properly.

    Raydium is producing $219MM of annualized protocol income. Proper now the market is usually taking a barbell method (majors and AI/memes) however when the basics/progress are so wild like this it might probably’t be ignored. Simply wanted a SOL breakout for liftoff. Already up 26% right now pic.twitter.com/sKAXegYo9o

    — Austin Barack (@AustinBarack) November 17, 2024

    Pump.enjoyable, the favored Solana meme coin launchpad, registered its seventh-highest 24-hour revenues yesterday after it netted $1.65 million in charges.

    In the meantime, Solana meme coin Telegram buying and selling bot Photon was the seventh-highest incomes product general on Nov. 17. It additionally recorded its fifth-highest day of charges after producing $2.36 million yesterday.

    Solana Tokens Lead Revived Meme Coin Mania

    Meme cash on Solana surged greater than 6% previously 24 hours, led by smaller-cap tokens.

    HahaYes (RIZO) emerged as the highest 24-hour performer after its value surged 387% to commerce at $0.00008963 as of three:40 a.m. EST. This was a continuation of its spectacular weekly efficiency, which was pushed to over 5,563% following the current acquire.

    Dasha (VVAIFU) and High Hat (HAT) took second and third locations, respectively. VVAIFU soared 153%, whereas HAT posted a 107% 24-hour acquire. 

    Solana meme coin leaders Dogwifhat (WIF) and Bonk (BONK) have been unable to capitalize on the current hype. WIF plunged over 6% within the final 24 hours, whereas Bonk noticed its value drop 2%.

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