Solana’s cryptocurrency market capitalization rose to $8.1 billion in Asia, compared to the previous figure, which stood at $77.9 billion in November 2021.
The pricing of Solana increased by 10% in the past day, reaching the figure of $183.55. In the case of its highest price, it was in November 2021, it was $259.96.
According to the Director of Market Development at Matrixport, Benjamin Stani, he holds the present memecoin chain responsible for the excellent market capitalization figure.
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In his opinion, Solana’s blockchain-oriented meme coins have proved themselves within the markets during the past twenty-four hours, with Dogwifhat rising by 20%, along with PopCap by 35% and Bonk’s increasing by 10% more.
Solana added that the Solana-oriented Bonk and Dogwifhat are the initial non-Ethereum meme tokens that reached the billion-dollar figure in market capitalization. It boils down to further utilization for Solana and not the non-EVM chains.
In the words of the co-founder of the Colosseum, Clay Robbins, meme coins are having their day in the sun on Solana for availability reasons.
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A short while back, the Solana network updated the figures about the daily number of fresh addresses on the blockchain. If considered over seven days, the figure stood at 738,040.
