Decentralized application (DApp) activity on Solana saw a notable surge thanks to a memecoin rally, leading to record fees and revenues.

-The SOL token hit $242, nearing its all-time high, while Solana’s market cap soared to $112 billion, and transaction fees totaled $11.84 million.

-Raydium, the Solana ecosystem’s leading DEX, generated nearly $15 million in daily fees, followed by Jito ($15.5 million) and Photon ($3.07 million).

-Memecoins including Peanut (PNUT) and Dogwifhat (WIF) saw dramatic gains, with PNUT surging 2,700% and WIF hitting $4.19 after listing on Coinbase.

-Institutional investment in Solana DApps reached $173 million in Q3, reflecting strong interest in the ecosystem despite a slight decline in transaction volume.#SolanaUSTD #SOL🔥🔥 $SOL #DeFi $SOL