Solana $SOL has once again captured the spotlight, soaring to $167 on Fridayāits highest level since May 29. The rally was driven by surging trading volume, accelerated network activity, and renewed investor confidence across the ecosystem.
š Key On-Chain Metrics Show Strong Growth:
š¹ Transactions: Up 32%
š¹ Active Addresses: Increased by 5.3%
š¹ Network Fees: Rose 44%, reaching $7.68 million
With over 2.1 billion transactions in the past 30 days, Solana has outpaced major chains like Ethereum, BNB Chain, and Polygonāfurther solidifying its reputation as a fast and scalable blockchain.
š Memecoins Ride the Solana Wave
Solanaās rise has ignited a ripple effect across meme tokens built on its network. Standout performers over the past 24 hours include:
š§ $PENGU
+48.2%
š¶ $BONK
BONK +33.9%
šæļø Peanut the Squirrel: +21.4%
š± Popcat: +21.1%
š Goatseus Maximus: +27%
š© Dogwifhat (WIF): +13.6%
šŗšø Official Trump Coin: +11.8%
These gains reflect growing speculation and liquidity flowing into Solanaās memecoin market as investor sentiment turns bullish.
š° Institutional Interest on the Rise
Interest from institutional investors is growing rapidly. Solana ETFs recorded $78 million in inflows over the last month, signaling broader market confidence. The REX-Osprey SOL + Staking ETF (SSK), launched on July 2, attracted $41 million in its first 11 daysāan impressive vote of confidence in Solanaās long-term potential.
š Pump.fun Raises $600M in Minutes
Adding fuel to the frenzy, Pump.fun, a Solana-based meme coin launchpad, raised an astounding $600 million in just 12 minutes during its ICOāunderscoring the explosive demand for memecoin infrastructure and tools built on Solana.
š§ Final Thoughts
Solanaās momentum is translating into ecosystem-wide gains, from institutional adoption to viral meme tokens. As transaction volumes climb and investor enthusiasm spreads, the blockchain is increasingly seen as the epicenter of the next crypto wave.
Whether you're tracking SOLās price action or exploring high-risk, high-reward meme plays, Solana is a network to watch closely in the months ahead.#ArbitrageTradingStrategy
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