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Solana Daily Fees Surge Past Ethereum Amid AI Meme Coin Boom

Solana (SOL) is making headlines with its recent surge in network activity, driven largely by the growing popularity of AI meme coins. As a result, Solana’s daily revenue has surpassed $4.1 million, overtaking Ethereum’s daily fees. This spike in activity has boosted SOL’s price, which has risen by 5.62% to $174, giving the network a market cap of $82 billion.

Solana Overtakes Ethereum in Daily Fees

According to IntoTheBlock data, Solana’s daily fees have now exceeded $4.1 million, surpassing Ethereum’s daily fees. This increase is attributed to the rapid growth of AI meme coins on Solana, with one of the biggest contributors being the Goatseus Maximus (GOAT) token. GOAT has surged over 40%, reaching an all-time high of $0.7009 and pushing its market cap above $700 million.

Launched just two weeks ago on the Pump.Fun platform by an anonymous developer, GOAT has gained attention due to promotions from the AI bot ‘Truth Terminals.’ According to DeFi analyst David Zimmerman from K33 Research, AI meme coins like GOAT have sparked significant interest in recent weeks, with several tokens reaching market caps exceeding $100 million.

SOL Price Rally Gains Momentum

Solana’s price has been on a strong upward trend, outperforming major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Over the past month, SOL has gained 18%, with bullish analysts predicting a potential parabolic rally that could push the price to $2,000.

Recent data from Coinglass shows that Solana’s open interest—representing unsettled futures contracts—has increased by 13.7%, reaching $3.4 billion. Meanwhile, derivatives trading volume is up 25% in the last 24 hours, hitting $9.54 billion. These positive on-chain metrics indicate that Solana’s price rally may continue.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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