Title: Solana’s Ascent: From Retail Darling to Institutional Powerhouse.
- Once viewed as a risky investment following the collapse of FTX, Solana (SOL) has made a remarkable comeback, emerging as one of the strongest performers in the latest crypto bull run. With its lightning-fast transaction speeds, minimal gas fees, and a rapidly expanding ecosystem, SOL has not only regained investor confidence but is now being hailed as a serious contender to Ethereum’s throne.
What’s driving this resurgence? Today, we delve into the surging on-chain activity within the Solana network. The network’s rapid growth underscores its game-changing potential. Join us as we explore the forces propelling Solana into the spotlight and assess its future prospects.

II/ Several factors behind Solana's Growth: 
- Memecoin on Solana becomes trending: The rising popularity of Solana's native memecoins, such as WIF, BONK, and BOME, has been a significant catalyst for its growth. These coins have generated over 1,000% returns, leading to tens of millions of new addresses being created on the network each month. The surge in Solana’s revenue can be attributed to increased activity on its network, particularly through memecoin trading platforms like Pump.fun and Moonshot.

Macro Strategist at BlockBase Venture: https://blockbase.co/

More information: https://insights.blockbase.co/author/phuc-duong/