ChainCatcher reported that according to the Wintermute market report, Solana’s on-chain transaction volume increased by 50% to $39 billion, exceeding Ethereum’s transaction volume. The specific data is as follows:
Solana: $51 billion
Ethereum: $46 billion
At the same time, memecoins are becoming increasingly influential on Solana, with 40% of Solana’s trading volume coming from memecoins, with pumpdotfun accounting for 35% of Solana DEX’s total trading volume.
Additionally, Solana now dominates token generation: market share has risen to 86%, up from 60% in early September, with weekly token generation surging from 45,000 to 110,000.
