Although it is Christmas holiday, SOL continues to surge and broke through $120 this morning. Solana’s protocol fees have surpassed Ethereum’s, and the meme tokens BONK and WIF have also gained attention.
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SOL continues to surge, breaking through $120
Solana ecosystem DEX Raydium’s revenue in the past 7 days surpasses Ethereum’s
Meme tokens gain attention
Despite the Christmas holiday, SOL continues to surge and broke through $120 this morning, only half the distance from its 2021 high of $259.
According to data from DeFiLlama, Solana ecosystem DEX Raydium has generated $87 million in revenue in the past 7 days, surpassing Ethereum. The top five chains or protocols in terms of fees and revenue in the past seven days are Bitcoin ($117 million), Solana ecosystem DEX Raydium ($87 million), Ethereum ($80.57 million), Avalanche ($30.67 million), and Uniswap ($16.29 million).
According to Decrypt, meme coins with a dog theme have been popular on Solana for weeks, starting with the BONK craze and now Dogwifhat (WIF). WIF has surged 46% in the past 24 hours and features a dog wearing a hat. Even Ryan Selkis, the founder of research firm Messari, tweeted, “Every billionaire I know is asking me how to buy a dog wearing a hat.” Ram Ahluwalia, CEO of asset management company Lumida, replied, “The answer is the Monopoly game.”
This article does not constitute investment advice. Please DYOR before making any trades. (Solana’s surging mobile sales become a Looter airdrop tool? The value of the complimentary $BONK token has exceeded the price of the phone)
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