Solana Soars Over 800% This Year Fueled by Speed, Low Fees and Meme Coin Mania
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Solana's SOL token neared $100, extending an 830% year-to-date rally driven by hype for its speed, low fees, and new meme coins.
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Trading volumes and network fees on Solana recently exceeded Ethereum's, while value locked in Solana apps hit $1.3B.
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Dog-themed BONK coin spurred a frenzy of new meme tokens on Solana, some yielding 10,000%+ gains. Thousands issued in days.
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Analysts expect Solana's outperformance to continue with rising interest from retail investors. Google searches are up 250% in 2 months.
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Solana ecosystem continues growing rapidly with new protocols and airdrops like BONK, ACS and JTO.