🚀🚀💲💵Solana Ecosystem Primed for Bull Season💲💵🚀🚀
- **Key Driver:** Tristan Frizza, founder of Zeta Markets, highlights that the rise in SOL is largely due to increased memecoin activity on the network.
- **Strengths:** Solana handles high transaction volumes with low fees, fostering an excellent environment for users.
- **Onchain Metrics:** Total value locked (TVL) in Solana exceeds $4.9 billion, with monthly active addresses reaching 41.65 million in May.
- **Market Activity:** Expected to see more activity this month compared to Bitcoin.
- **Volatility:** QCP Capital notes Ethereum options volatility is higher than Bitcoin, indicating anticipated price fluctuations.
- **Spot ETF Launch:** Anticipation of the spot Ether ETF is driving demand and market activity, with volatility 15% higher than Bitcoin.
Both Solana and Ethereum show strong potential for growth, making them key altcoins to watch this bull season.
