Solana-based meme coin BONK is up over 537% in the last month 🚀 The main driver of last week's 40% gain was its listing on Coinbase, which increased year-over-year revenue by 850%. BONK is now used for payments in various Solana projects.

The renewed interest in Solana coincided with the rise of BONK, despite the problems associated with the collapse of FTX. SOL has outperformed ETH since early fall, with meme coin trading volumes exceeding the two-year average. BONK also stimulated the sale of Solana phones due to the inclusion of 30 million BONK in the airdrop 📱

Solana's recovery continues, and the ecosystem that many wrote off in early 2023 is thriving today. Sales of the Solana Saga have also increased, with the phone reaching $5,000 on eBay, significantly higher than its original retail price of $599.