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Meme coin popularity sends Solana’s economic value to new all-time high

Meme coin popularity sends Solana’s economic value to new all-time high

FXStreet broadcast about Solana. Meme coin popularity sends Solana’s economic value to new all-time high. Solana (SOL) block space profitability reached a new all-time high of over $91 million on Monday, the same day that Pump.fun’s cumulative revenue surpassed the $50 million mark. The increased attention towards meme coins in the current bull cycle has partly fueled the growth.

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Categories this content has been tagged with include:
Market news, Milestone achievement

     
     


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This news story falls under the following sentiment:

  • Positive
     
     


     
     


About Solana

Solana is a decentralized, high-performance blockchain designed for fast, secure, and scalable transactions. It uses a proof-of-stake consensus mechanism and is built to handle thousands of transactions per second. Solana was developed by a team of engineers and entrepreneurs who previously worked on the Ethereum blockchain, and it is currently being used for various projects, including decentralized applications (dApps) and non-fungible token (NFT) marketplaces.

     
     


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        News Source

        News seen on: FXStreet
        Description of news source: FXStreet is a leading source for reliable news and real time Forex analysis. FXStreet offers real-time exchange rates, charts and an economic calendar.

             
             


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          Blockchains

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          Sector Name

          FXStreet, Solana
          Listing ID

          WCN01111

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