Transaction-related charges on Solana (SOL) topped $11 million on Oct. 24, marking a brand new all-time excessive, based on Blockworks Analysis knowledge.
The metric known as “Actual Financial Worth” (REV), which incorporates transaction charges and MEV suggestions for validators.
Solana dominates day by day buying and selling volumes within the decentralized finance (DeFi) ecosystem for 13 days in a row, based on to DefiLlam.
In the meantime, the community's decentralized exchanges noticed over $2.6 billion in buying and selling quantity on October 24.
AI memecoins lead development
Notably, this REV peak and important buying and selling quantity comes amid the frenzy created by the intersection of synthetic intelligence (AI) and memecoins.
Synthetic intelligence agent fact terminal prompted this new “meta” of on-chain buying and selling, as her publications on the “Goatse Gospel” motivated the founding of the memecoin Goatseus Maximus (GOAT). GOAT at the moment has a market cap of $650 million and has moved practically $450 million on chain within the final 24 hours.
Because of this, Solana was overtaken by a big wave of AI-related tokens. Memecoin-focused launchpad Pump.enjoyable hit an all-time excessive of 36,339 staked tokens on October twenty fourth, as revealed by Hashed's dashboard on Dune Analytics.
Complete deployment on Pump.enjoyable accounted for over 84% of all 43,166 new tokens issued yesterday on Solana, which can be a brand new report.
As well as, tokens launched by Pump.enjoyable took the lead in weekly buying and selling volumes on Solana for the primary time, with round $8.7 billion moved final week, established about Blockworks Analysis knowledge.
Resulting from these elements, one other key milestone was crossed on October 24, with Pump.enjoyable surpassing 1 million SOL in income simply 9 months after its launch.
