$SOL Solana's recent surge in on-chain transaction volume, reaching $51 billion, has marked a significant milestone as it overtakes Ethereum's $46 billion. This growth is attributed to a substantial contribution from #meme coins, which constitute 40% of Solana's volume.
The platform pumpdotfun has been particularly influential, responsible for 35% of the transactions on Solana's decentralized exchanges (DEXs). Furthermore, Solana has solidified its position in the crypto market by capturing an impressive 86% market share in token generation.