Solana network's daily transaction fees reached $33.3 million, setting a new all-time high
According to a report by The Block, Solana's daily transaction fees reached a record $33.3 million last Sunday, driven by the launch of the Trump family meme coins ($TRUMP and $MELANIA), which significantly boosted on-chain transaction activity. Since the launch of these two tokens, the daily trading volume on Solana's decentralized exchanges (DEXs) has consistently remained above $27 billion, leading all Layer 1 blockchains.
The meme coin $TRUMP saw its market cap quickly surge to $14 billion, with a fully diluted valuation reaching $70 billion, placing it among the top 20 cryptocurrencies. Meanwhile, $MELANIA's market cap reached $1.6 billion, contributing significantly to the growth of the Solana ecosystem. Additionally, the price of Solana’s native token (SOL) surged more than 50% in just one week, hitting a historic high of $260.
As reported yesterday, Solana's ecosystem DEX trading volume has surpassed $158 billion so far this month, setting a new all-time high for the entire blockchain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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