Since the price of the public chain Solana (SOL) rebounded from the bottom and overtook the second largest US dollar stablecoin USDC to become the sixth largest currency, its ecosystem has also begun to flourish. Not only has the lock-up volume (TVL) continued to rise, but the transaction volume on the chain has also increased. It is comparable to Ethereum.
Solana’s on-chain transaction volume exceeds US$3 billion, reaching a record high
According to DeFiLlama data, Solana DEX trading volume increased by 34% in the past week to more than $3 billion, once again hitting a record high, with the largest on-chain exchanges (DEX) Orca and Raydium both growing by more than 70%.
In addition, the current weekly transaction volume of Solana's chain has surpassed Arbitrum and BSC, becoming the second largest public chain after Ethereum ($9.97 billion).
Meme Coin $BONK Surges 491%
The recent explosion in on-chain activity transactions is mainly due to the continuous surge in tokens based on the Solana ecosystem, among which the meme currency $bonk has the highest increase.
CoinGecko data shows that BONK has risen by more than 491% in the past 14 days, hitting a record high. As of the time of writing, the rise is still continuing, with a temporary price of 0.00000451, an increase of 54.1% in the past 24 hours, and a market value of US$200 million.
In fact, BONK is not a newly launched meme coin. It was launched as early as December 25 last year, and after its launch, 10 trillion coins (10% of the total supply) were airdropped to NFT holders on the Solana chain. If you receive the airdrop If it had not been sold since then, its current value would have been as high as tens of thousands of dollars.
In addition to $bonk, the Solana ecosystem includes: $neon $nos $myro have also hit record high prices.
