Solana-based apps are buzzing with activity as memecoin mania returns, driving record fees and revenue. On Nov. 17, Solana's Raydium hit $11.31 million in fees, while Jito saw $9.87 million, according to DefiLlama. Memecoin launchpad pump.fun earned $1.65 million, and Photon, a Telegram bot, generated $2.36 million. This surge coincides with Solana's native token (SOL) climbing to $242, its highest since 2021. Meanwhile, memecoins like Peanut (PNUT) and Dogwifhat (WIF) are soaring, with WIF briefly hitting a six-month high after its Coinbase listing. Solana's market cap has grown 44% since its last all-time high.
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