Solana network activity hits record highs, driven by memecoin trading and the strong performance of platforms like Raydium and Jito.
Solana's daily income on October 24, 2024, was $3.81 million; total transaction fees reached $7.63 million.
Raydium, Solana's biggest decentralized exchange (DEX), reached a historic high with transaction costs of $11.79 million on November 17, 2024.
Solana's low transaction fees and scalability attract projects moving from other blockchains, with memecoin popularity driving the network's growing traction.