The surge in Solana’s network activity was primarily driven by rising meme coin activity.
BNB and SOL have been swapping places of late, with SOL surging and BNB seeing a 5% drop in value over the past 24 hours, according to data from CoinMarketCap.
Solana Surging
The latest milestone comes as Solana continues its impressive run. The network also saw a record jump in DEX daily volume figures, outpacing even Ethereum and a drastic increase in meme coin activity. The cryptocurrency ecosystem has registered impressive performances since the beginning of 2024, with Bitcoin setting a new all-time high of $73,000. However, the markets have witnessed a correction over the past few days, bringing prices down across assets.
However, SOL has defied this trend and is thriving despite the market-wide correction. This has seen the asset flip BNB to become the 4th largest cryptocurrency by market capitalization. Solana’s impressive performance also coincides with a 5% declin
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