Trading volumes on decentralized platforms on Solana exceeded $109 billion in November (the number is subject to increase), doubling Ethereum, and other networks by multiples. All thanks to meme coins.
The interesting thing is that the Solana network at the top of the previous cycle was among the margins in terms of decentralized applications.
In contrast, a significant decline in the dominant Ethereum and Binance networks at the time.
These numbers are not for entertainment, but rather give the idea that each cycle has its own trend that benefits some projects more than others.
In the next cycle, we may see new networks climb the top and have the lion's share.
The trend comes first, then the projects come after it.