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Apps on the Solana blockchain hit report charges and revenues within the final 24 hours, pushed by a surge in exercise amid a brand new wave of meme coin mania following Donald Trump’s election win.

5 out of the highest 10 protocols by way of charges within the final 24 hours had been on Solana, in line with a Nov. 18 put up on X by Patrick Scott, who cited knowledge from DefiLlama.

The meme coin sector surged one other 3.5% to hit a market capitalization of $126 billion previously day, including to turbocharged positive factors final week.

Raydium Units A New Price File

Raydium, the Solana-based market maker, achieved a report $11.31 million in charges on Nov. 17. Liquid staking protocol Jito additionally noticed a surge in exercise throughout the identical day, pushing the decentralized platform’s every day charges to $9.87 million. This marked Jito’s third-highest day of charges as properly.

Raydium is producing $219MM of annualized protocol income. Proper now the market is generally taking a barbell strategy (majors and AI/memes) however when the basics/progress are so wild like this it will possibly’t be ignored. Simply wanted a SOL breakout for liftoff. Already up 26% immediately pic.twitter.com/sKAXegYo9o

— Austin Barack (@AustinBarack) November 17, 2024

Pump.enjoyable, the favored Solana meme coin launchpad, registered its seventh-highest 24-hour revenues yesterday after it netted $1.65 million in charges.

In the meantime, Solana meme coin Telegram buying and selling bot Photon was the seventh-highest incomes product total on Nov. 17. It additionally recorded its fifth-highest day of charges after producing $2.36 million yesterday.

Solana Tokens Lead Revived Meme Coin Mania

Meme cash on Solana surged greater than 6% previously 24 hours, led by smaller-cap tokens.

HahaYes (RIZO) emerged as the highest 24-hour performer after its worth surged 387% to commerce at $0.00008963 as of three:40 a.m. EST. This was a continuation of its spectacular weekly efficiency, which was pushed to over 5,563% following the latest achieve.

Dasha (VVAIFU) and Prime Hat (HAT) took second and third locations, respectively. VVAIFU soared 153%, whereas HAT posted a 107% 24-hour achieve. 

Solana meme coin leaders Dogwifhat (WIF) and Bonk (BONK) had been unable to capitalize on the latest hype. WIF plunged over 6% within the final 24 hours, whereas Bonk noticed its worth drop 2%.

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