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Solana's memecoin mania pushes on-chain volumes and fees to ne | Crypto | Ethereum | Bitcoin

Solana's memecoin mania pushes on-chain volumes and fees to new highs

The popularity of memecoin trading and speculation on Solana has pushed on-chain volumes — in U.S. dollar terms — to a new all-time high on Friday. Volume on Ethereum's foremost competitor exceeded $3.79 billion to end the work week, according to data from DefiLlama. The blockchain's previous all-time high volume was $2.85 billion — a figure set earlier this month. Saturday was close to Friday's all-time high.

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