SOLANA'S MEMECOIN MANIA PUSHES ON-CHAIN VOLUMES AND FEES TO NEW HIGHS

Summary from the TLDR Crypto newsletter

The memecoin frenzy that has been brewing on Solana has boosted on-chain volumes to new records, exceeding $3.79 billion in volume per day. The success of coins like dogwifhat and the Book of Meme presale helped drive these volumes to new heights. This trend has helped Solana pass Ethereum in on-chain DEX volumes and has pushed the price of Solana to over $200.