While the bullish outlook prevails in the cryptocurrency market, the journey has been tumultuous since the fourth quarter of 2023. Bitcoin (BTC) price has led the volatility with altcoins following close behind. Through it all, however, Solana has been the outlier, resisting the trends and forging a path for itself.

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Solana shows resilience despite market crash

Solana has made headlines many times since Q4 of 2023, riding on multiple themes starting with its contention against Ethereum. Solana’s competitive edge over Ethereum was the low transaction fees, which made SOL dominate major Ethereum Virtual Machine (EVM) chains for daily decentralized exchange (DEX) traders.  

$SOL dominates major EVM chains for daily DEX traders.

The narrative eventually transitioned to meme coins on the Solana blockchain, because it became the base atop which multiple projects were built.

Myro (MYRO), Bonk Inu (BONK) and Dogwifhat (WIF) are among the meme coins that made the trend on Solana, making it impossible to ignore SOL.

Solans meme coins $SOL

$WIF

$BONK

‍ $MYRO

$SAMO

$DUKO

$PONKE

$HARAMBE

$STAN

$WEN

$POPCAT

$LOAF

$CHONKY

$SMOG

$SILLY

$SOLANA

$HONK

$PENG