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The market capitalization of memecoins on Solana exceeded $10 billion.
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Among the most well-liked are Dogwifhat, Bonk and PopCat.
Today, October 12, 2024, the market capitalization of the memecoins of the Solana ecosystem exceeded 10.2 billion {dollars}. This capitalization was $2 billion under the market capitalization of ADA, Cardano’s native cryptocurrency and one of the standard within the cryptocurrency ecosystem.
A 3rd of the determine amassed by these tokens based mostly on pets, public figures or Solana web memes occurred over the past 24 hours, with almost 2.3 billion {dollars}.
That is to say that, doing a bit arithmetic, this statistic of the memecoins of Solana must enhance solely 8.69 instances that determine from the final 24 hours to complete surpassing ADA.
Memecoins preserve Solana standing
It may be famous that the market capitalization of the currencies meme Solana was $1.5 billion behind AVAX, the native utility cryptocurrency of the Avalanche community.
While it’s true that the whole worth of a community, like Cardano’s, is just not fully given by the market capitalization of its token native, this reference can be utilized to grasp the rising consumer curiosity in memecoins from Solana.
Among the memecoins most traded, and reviewing the statistics on CoinMarketCap, 4 tokens They accumulate greater than 7 million {dollars} in market capitalization. These are Dogwifhat (WIF), The Graph (GRT), Bonk (Bonk), and PopCat (POPCAT).
In flip, POPCAT offered a rise in its value of almost 16% within the final 24 hours, which might be one of many fundamentals behind the two,000 million {dollars} amassed within the final day by the whole of the meme.
Furthermore, the token WIF within the final seven days grew by 20%, boosting this determine.
While most narratives and metrics on Solana appear muted, over the past seven days consumer interactions with the Solana ecosystem memecoins on this community it elevated by 16%, as reported by CriptoNoticias.
In this manner, the Solana ecosystem is being strongly promoted by means of memecoinscreated largely throughout the Pump.enjoyable platform. Aside from the truth that the mixed market capitalization of those memes helps to grasp their financial place throughout the cryptocurrency ecosystem, their usefulness is way from equal to the cryptocurrencies of enormous networks such as Cardano or AVAX.
