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Solana Platforms Hit Record Fees Amid Memecoin Boom

  • 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.

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