Listen, there is an interesting story from the world of the crypt that is worth discussing.
Galaxy Digital is a major player in digital asset management, and they recently took a pretty bold step: they exchanged Ethereum (ETH) for Solana (SOL) worth $100 million. This happened just against the background of the rapid growth of interest in meme tokens and decentralized exchanges (DEX).
The deal took about two weeks, and now Galaxy Digital has about 171 thousand SOL and 55 thousand ETH left in its hands. Moreover, this coincided with the fact that ETH dropped by 20% in a month, while SOL, on the contrary, increased by 8%. It looks like they're sure Solana is back in fashion.
Indeed, activity on the Solana network has increased dramatically. There are more than 4 million active wallets per day (this is after there were only 2.9 million just recently), and it occupies almost half of the total trading volume on DEX — for comparison, this figure is less than 20% for Ethereum. In addition, meme tokens based on Solana have grown again, and now they are worth a total of more than $7.4 billion. Almost the entire sector is in the green zone.
Projects like Pump.fun, PumpSwap, as well as old friends Raydium, Jupiter and JitoSOL, are back at the top. Pump is especially interesting.fun — it consistently brings in millions per day in commission, and this is a clear signal that the ecosystem is bustling with life.
And that's where the question arises. Even if such "heavyweights" as Galaxy Digital start to move away from ETH to SOL, if activity on Solana is at its peak again, and meme tokens are returning with renewed vigor…
Is the season of Solana and memes starting again? What do you think?
