The memecoin craze helps Solana achieve record revenue of 8.35 billion USD

The recent memecoin craze has created a massive wave in the Solana ecosystem, helping this platform record a historic revenue of up to 8.35 billion USD. This increase largely stems from the rise in trading activity and fees in Solana-based applications, thanks to the popularity of memecoins. Not only have transaction fees increased, but many protocols within Solana, such as Raydium and Jito, have also reached historical fee levels in this context.

The Solana ecosystem is known for its ability to process transactions quickly and efficiently, which has helped it become one of the strongest competitors to Ethereum. Revenue from activities on the Solana network has surpassed Ethereum multiple times in recent times. For instance, in the past, the revenue from protocols in the Solana ecosystem even exceeded Ethereum, generating 25 million USD in weekly revenue. The explosion of memecoins, along with attention from investors, has boosted the value and appeal of Solana as a platform for meme coins.