Solana’s memecoin mania pushes on-chain volumes and fees to new highs | Headlines | News | CoinMarketCap
03/17/2024 22:51
The popularity of memecoin trading and speculation on Solana has pushed on-chain volumes — in U.S. dollar terms — to a new all-time high on Friday. …
The Block5 minutes ago
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Published on March 17, 2024 15:43 GMT+00:00edited on March 17, 2024 15:44 GMT+00:00
The popularity of memecoin trading and speculation on Solana has pushed on-chain volumes — in U.S. dollar terms — to a new all-time high on Friday.
Volume on Ethereum's foremost competitor exceeded $3.79 billion to end the work week, according to data from DefiLlama. The blockchain's previous all-time high volume was $2.85 billion — a figure set earlier this month. Saturday was close to Friday's all-time high. $3.44 billion in volume was recorded by DefiLlama yesterday. 24-hour volume is currently at $3.61 billion.
In other metrics, a seven-day moving average of active addresses on the Solana network continues to push higher. According to The Block's data, 1.2 million active addresses were clocked yesterday — highs not seen since approximately June 2022.
At the same time, a …