Who is the Leader of the Meme Coin Fury? Solana Surprised Again!

Solana (SOL) network continues to lead the meme coin craze.

On-chain data revealed that although the meme coin craze has spread to other networks, it is still based on Solana.

According to data, 455,000 meme coins were created on Solana in May. During the same period, 177,000 meme coins were produced on the Base network and 39,000 meme coins were produced on the BNB network.

Making a statement on the subject, Solana Foundation strategy manager Austin Federa stated that investors prefer to trade here, citing the Solana network as cheap and efficient:

Solana is built to be a general-purpose layer 1 with fast completions and high efficiency with extremely low transaction fees. The rise of mass token creation on Solana stems from these features, bringing the cost of experimentation and new idea creation close to zero. Creating tokens in Solana should be as easy as creating content on the internet.

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