đȘđŻThese Solana Meme Coins Exploded Weeklyđ„đ„
The meme coin mania keeps on driving traffic to the Solana network, with two popular assets closing high this week.
Solana has been the center of attention in the last seven days, spearheading most of the news headlines in the crypto community.
đČFirst, the Solana network suffered an outage on Tuesday, shutting down for nearly five hours and sparking criticisms left and right. Shortly after, SOL skyrocketed to $105, and its ecosystem recorded $1.85B in total value locked (TVL) â a number not seen since mid-2022.
The meme coin frenzyness has driven a lot of traffic to the Solana network. Last week, two popular meme coins dominated the scene: WOOF and BORK, showing off 50% and 70% in growth, respectively.
đ„°WOOF Closes the Week With 70% Surge
WOOF is a meme coin built on the Solana blockchain and aims to become the most decentralized meme/social token in that ecosystem.
As per data from CoinMarketCap, WOOF has seen its trading volume rise 30%, currently trading at $0.00014, a 76% increase in the last seven days.
Solanaâs Ecosystem on the Rise
Solana has seen an uptick in price and network activity, with SOL reaching $110 on Friday.
đCryptoPotato reported last week how Solanaâs TVL rose to $1.74 billion, marking a nearly 500% increase since October 2023. But Solanaâs ecosystem quickly surged to $1.85B a day later, signaling the rapid resurgence of the Solana DeFi ecosystem.
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