Amidst this frenzy, Solana seems to have emerged as one of the leading platforms to accommodate the rapid growth of meme tokens, as seen in the current surge. Solana Begins to Dominate
Referring to the latest data from Theblock, the number of active addresses on the Solana network has increased in the last three months, from 1 million addresses in August to 5.55 million addresses in November 2024.
Additionally, according to findings revealed by Patrick Scott, five of the top ten protocols by transaction fee revenue are growing rapidly and are driven by meme coins.
