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.
