**Solana: The success of cryptocurrency due to the rise of meme coins**
The price of Solana has significantly increased, reaching above $200, driven by the activation of meme coins supporting both the ecosystem and the user community. As a result, the total value of locked assets in decentralized applications on the Solana blockchain has increased by 360% over the past year, reaching $6.6 billion. In October, the number of active addresses on the platform also broke records, totaling 123 million, which is 42% more compared to September. One possible reason for the growth is experts cite the increased retail interest, especially in light of expectations for SEC approval of the Bitcoin ETF and potential changes in the regulators' stance if Donald Trump wins the elections in the USA. It is expected that by the end of the year, Solana could surpass the $260 mark, setting a new historical record that was previously recorded in November 2021.
