Memecoin projects based on Solana (SOL) have reached a historical record in total market value. According to data provided by Solana Floor on October 29, the total market value of memecoin on the Solana network has exceeded $12 billion, marking a new high.
This rapid increase reflects the impressive growth potential of popular coins within the Solana ecosystem and shows that memecoin is attracting significant interest from cryptocurrency enthusiasts. Among the memecoins with the highest market value, WIF, POPCAT, and BONK stand out.
The Rise of Memecoin on Solana Blockchain
WIF, POPCAT, and BONK, companies operating on Solana, are not only rapidly developing but also expanding their investor base, establishing a strong market presence.
According to data from Solana Floor, WIF ranks first with a market value of $2.65 billion. Next is POPCAT with a market value of $1.7 billion and BONK, holding the third position with a value of $1.51 billion. The following projects are MEW with a market value of $890 million and GOAT with $630 million. The high market value proves that memecoin has gained a significant foothold in the Solana ecosystem, reflecting increasing acceptance from users.
Investor interest and the Solana ecosystem
This rapid expansion has occurred as coins developed on Solana leverage advantages such as high transaction speeds and low costs, boosting their popularity among cryptocurrency investors. As investors evaluate the innovative structure and potential returns of the new generation of memecoin, the growth rate of Solana-based projects has also surged.
The total memecoin market on the Solana network has made a significant impact in this field, not only due to its financial scale but also through the development process of the ecosystem.
The growth of Solana shows how memecoin has quickly become a trend in the cryptocurrency ecosystem, while the future trajectory of their market value remains uncertain.
