Transaction-relatedfeesonSolana(SOL)surpassed$11milliononOct.24,markinganewall-timehigh,accordingtoBlockworksResearchdata.
Themetriciscalled“realeconomicvalue”(REV),whichincludestransactionfeesandMEVtipsforvalidators.
Solanahasbeendominatingdailytradingvolumesinthedecentralizedfinance(DeFi)ecosystemfor13daysstraight,accordingtoDefiLlama.
Meanwhile,thenetwork’sdecentralizedexchangesregisteredover$2.6billionintradingvolumeonOct.24.
AImemecoinsleadgrowth
Notably,thispeakinREVandthesignificanttradingvolumecomeamidthefrenzysparkedbytheintersectionbetweenartificialintelligence(AI)andmemecoins.
TheAIagentTruthTerminalspurredthisnewon-chaintrading“meta,”asitspublicationsabouta“GoatseGospel”motivatedtheinceptionofthememecoinGoatseusMaximus(GOAT).GOATcurrentlyhas$650millioninmarketcapandhasmovednearly$450millionon-chaininthepast24hours.
Consequently,abigwaveofAI-relatedtokensovertookSolana.Memecoin-focusedlaunchpadPump.funreachedanall-timehighof36,339deployedtokensonOct.24,asrevealedbyHashed’sdashboardonDuneAnalytics.
ThetotaldeployedonPump.funrepresentedover84%ofall43,166newtokensissuedonSolanayesterday,whichisalsoanewrecord.
Moreover,Pump.fun-launchedtokenstooktheleadinweeklytradingvolumesonSolanaforthefirsttime,withroughly$8.7billionmovedlastweek,basedonBlockworksResearchdata.
Duetothesefactors,anotherkeythresholdwasbreachedonOct.24,withPump.funsurpassing1millionSOLinrevenuejustninemonthsafteritslaunch.
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