<ul><li>Solana's blockchain activity has surged, reaching $33.3 million in daily transaction fees, driven by the launch of memecoins such as $TRUMP and $MELANIA.</li><li>Solana is the leading Layer 1 blockchain for trading activity with over $27 billion in daily decentralized exchange (DEX) volume.</li><li>Despite the high number of memecoins launched on Solana, only a small percentage have surpassed significant market caps, highlighting the challenges in sustaining momentum in this speculative market.</li><li>Solana's speed, scalability, and low transaction costs have made it the preferred platform for launching and trading memecoins, but the sustainability of the memecoin trend remains uncertain.</li></ul>

Solana Sees $33M in Daily Fees as Memecoins Drive Unprecedented Activity

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