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Solana Sees Surge In Memecoins Creation Amid Market Fluctuations And DeFi Growth

  • Solana blockchain experiences surge in memecoin creation, with nearly 20,000 new tokens minted in the last 24 hours.
  • Approximately 70% of these tokens were launched on Pumpdotfun platform, highlighting the popularity of memecoins on Solana.
  • Solana's market cap stands at $63.94 billion, with an 8.81% decline in price and $5.275 billion TVL in DeFi.
  • Solana emerges as a vibrant hub for NFTs and gaming, attracting 31,500 new users and generating $168.8 thousand in trading revenue.

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