Solana and Meme Coins Lead Altcoin Surge, Outperforming Bitcoin and Ethereum in July

Despite the flat performance of Bitcoin and Ethereum, several altcoins are experiencing significant growth.

According to Santiment, notable increases have been observed in the AI & Big Data, Solana ecosystem, and Meme coins sectors over the past week.

The AI & Big Data sector saw a market cap increase of 17.4% to $26.6 billion, with coins like PALM, PAAL, and 0x0 gaining traction due to their innovative applications and long-term growth potential.

The Solana ecosystem experienced a 19% market cap increase, reaching $86.6 billion, driven by coins such as ANDY, POPCAT, and WIF.

This growth reflects strong developer activity and rising adoption of Solana-based projects.

Meme coins saw a 16.88% market cap increase to $45.8 billion, with popular coins like BENDOG, PONKE, and MYRO benefiting from social media trends and speculative trading.

While top price performers showed a moderate increase of 3.46%, the DeFi sector faced setbacks with a 54.41% market cap decrease, and the Metaverse sector grew by 15.87%.

At press time, Bitcoin trades at $63,768, down 1.7% over the last day, and Ethereum is at $3,439.83, down 0.9%.

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