CoinGecko reports Solana is the fastest chain, processing thousands to millions of memecoin transactions. 

On the other hand, developers have lured some users through the SOL memecoin, and celebrities are now endorsing memetic projects, adding to the frenzy. “We didn't do anything to make it happen. "Just do it," said Gokal on the last day of the 2024 Consensus. 

Celebrities launch memecoins on Solana. Not on other chains like the underrated Ethereum Solana. Solana becomes the fastest blockchain amidst the meme coin craze

Solana targets grassroots adoption with Saga Mobile

According to Gokal, the boom in mobile crypto applications such as StepN in 2021/2021 is the forerunner of the Saga Mobile device. Putting blockchain operations and crypto utility in the hands of users offers a new way to drive mass adoption, explains the founder. 

The new validator is set to 1000x transaction capacity

Gokal confirmed work on a second set of validator clients dubbed Fire Dancer. This initiative is expected to increase Solana transaction throughput by up to 1,000 times, increasing speeds to 5,000 – 10,000 transactions per second (TPS). 

Currently, Solana has 1,053 TPS, but its theoretical speed could reach 65,000 TPS with scaling and improvements. The team behind the Jito staking protocol also developed a third set of validators focused on Maximum Extractable Value commonly known as MEV. 

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