The CoinMarketCap report shows that the share of the Solana ecosystem in the growth of popularity and capitalization exceeded 9%. Over the past few days, memcoins have shown stable and strong growth, in contrast to Bitcoin, which fell below $60,000 today.
The information provided by CoinMarketCap indicates that the vast majority of memcoins launched on Solana have significantly outperformed their Ethereum-based counterparts. The average growth of “meme” tokens in the SOL ecosystem was 8,469%, while the same figure on Ethereum gjrfpfk was only 962%.
A sharp surge in the popularity of memecoin projects on Solana was caused by the rally of such tokens as cat in a dogs world (MEW), Book of Memes (BOME), POPCAT, WIF and BONK.
What caused such an explosive rally of memcoins in the Solana ecosystem? According to CoinMarketCap, the recently launched platform for creating “meme” coins, Pump.fun, had a huge impact on the growth of popularity. According to the Dune portal, on July 1, 2024, the daily revenue volume on the site reached $1.99 million, which exceeded the Ethereum network’s figure of $1.91 million.
Another trend that contributed to the growing popularity of memcoins on Solana was the coins of famous people, including actors, actresses and politicians. Now they are trending in popularity among investors and traders, as they allow you to get big profits in a short time.
