Apps on the Solana blockchain hit file charges and revenues within the final 24 hours, pushed by a surge in exercise amid a brand new wave of meme coin mania following Donald Trump’s election win.
Five out of the highest 10 protocols by way of charges within the final 24 hours had been on Solana, in accordance with a Nov. 18 submit on X by Patrick Scott, who cited knowledge from DefiLlama.
The meme coin sector surged one other 3.5% to hit a market capitalization of $126 billion previously day, including to turbocharged beneficial properties final week.
Raydium Sets A New Fee Record
Raydium, the Solana-based market maker, achieved a file $11.31 million in charges on Nov. 17. Liquid staking protocol Jito additionally noticed a surge in exercise throughout the identical day, pushing the decentralized platform’s every day charges to $9.87 million. This marked Jito’s third-highest day of charges as effectively.
Pump.enjoyable, the favored Solana meme coin launchpad, registered its seventh-highest 24-hour revenues yesterday after it netted $1.65 million in charges.
Meanwhile, Solana meme coin Telegram buying and selling bot Photon was the seventh-highest incomes product general on Nov. 17. It additionally recorded its fifth-highest day of charges after producing $2.36 million yesterday.
Solana Tokens Lead Revived Meme Coin Mania
Meme cash on Solana surged greater than 6% previously 24 hours, led by smaller-cap tokens.
HahaYes (RIZO) emerged as the highest 24-hour performer after its worth surged 387% to commerce at $0.00008963 as of three:40 a.m. EST. This was a continuation of its spectacular weekly efficiency, which was pushed to over 5,563% following the latest achieve.
Dasha (VVAIFU) and Top Hat (HAT) took second and third locations, respectively. VVAIFU soared 153%, whereas HAT posted a 107% 24-hour achieve.
Solana meme coin leaders Dogwifhat (WIF) and Bonk (BONK) had been unable to capitalize on the latest hype. WIF plunged over 6% within the final 24 hours, whereas Bonk noticed its worth drop 2%.
