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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.
5 out of the highest 10 protocols when it comes to charges within the final 24 hours had been on Solana, in response to a Nov. 18 put up 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 features final week.
Raydium Units A New Price File
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 each day charges to $9.87 million. This marked Jito’s third-highest day of charges as properly.
Raydium is producing $219MM of annualized protocol income. Proper now the market is generally taking a barbell strategy (majors and AI/memes) however when the basics/progress are so wild like this it could’t be ignored. Simply wanted a SOL breakout for liftoff. Already up 26% right this moment pic.twitter.com/sKAXegYo9o
— Austin Barack (@AustinBarack) November 17, 2024
Pump.enjoyable, the favored Solana meme coin launchpad, registered its seventh-highest 24-hour revenues yesterday after it netted $1.65 million in charges.
In the meantime, 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 value 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 current acquire.
Dasha (VVAIFU) and High Hat (HAT) took second and third locations, respectively. VVAIFU soared 153%, whereas HAT posted a 107% 24-hour acquire.
Solana meme coin leaders Dogwifhat (WIF) and Bonk (BONK) had been unable to capitalize on the current hype. WIF plunged over 6% within the final 24 hours, whereas Bonk noticed its value drop 2%.
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