Solana's On-Chain Volume Surpasses Ethereum Amid Memecoin Surge

According to Foresight News, a recent report by Wintermute reveals that Solana's on-chain transaction volume has surged by 50%, reaching $51 billion, surpassing Ethereum's $46 billion. The report highlights the growing influence of memecoins on the Solana network, with 40% of Solana's transaction volume attributed to memecoins. Notably, pumpdotfun accounts for 35% of the total decentralized exchange (DEX) volume on Solana.