7 months ago
Transaction-related fees connected Solana (SOL) surpassed $11 cardinal connected Oct. 24, marking a caller all-time high, according to Blockworks Research data.
The metric is called “real economical value” (REV), which includes transaction fees and MEV tips for validators.
Solana has been dominating regular trading volumes successful the decentralized concern (DeFi) ecosystem for 13 days straight, according to DefiLlama.
Meanwhile, the network’s decentralized exchanges registered implicit $2.6 cardinal successful trading measurement connected Oct. 24.
AI memecoins pb growth
Notably, this highest successful REV and the important trading measurement travel amid the frenzy sparked by the intersection betwixt artificial quality (AI) and memecoins.
The AI cause Truth Terminal spurred this caller on-chain trading “meta,” arsenic its publications astir a “Goatse Gospel” motivated the inception of the memecoin Goatseus Maximus (GOAT). GOAT presently has $650 cardinal successful marketplace headdress and has moved astir $450 cardinal on-chain successful the past 24 hours.
Consequently, a large question of AI-related tokens overtook Solana. Memecoin-focused launchpad Pump.fun reached an all-time precocious of 36,339 deployed tokens connected Oct. 24, arsenic revealed by Hashed’s dashboard connected Dune Analytics.
The full deployed connected Pump.fun represented implicit 84% of each 43,166 caller tokens issued connected Solana yesterday, which is besides a new record.
Moreover, Pump.fun-launched tokens took the pb successful play trading volumes connected Solana for the archetypal time, with astir $8.7 cardinal moved past week, based connected Blockworks Research data.
Due to these factors, different cardinal threshold was breached connected Oct. 24, with Pump.fun surpassing 1 cardinal SOL successful gross conscionable 9 months aft its launch.
The station Solana registers caller all-time precocious successful regular transaction-related fees appeared archetypal connected CryptoSlate.
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