**Solana's SOL Token Surges Amid Memecoin Craze**

Solana's native token, SOL, jumped 12.1% from Oct. 11 to Oct. 18, driven by rising interest in memecoins. This surge has boosted network volumes, fees, and total value locked (TVL).

Key memecoins like Goatseus Maximus (GOAT) hit a $400 million market cap, while others like SPX6900 (SPX) and Apu Apustaja (APU) saw massive gains. Solana's TVL reached a two-year high, nearing 41 million SOL, outperforming Ethereum and BNB Chain.

Solana's network activity also soared, with a 43% weekly growth in decentralized exchange (DEX) volumes, surpassing Ethereum. While the memecoin trend's sustainability is debated, Solana's robust network positions it well for future growth.