{"id":32427,"date":"2024-11-18T11:00:04","date_gmt":"2024-11-18T08:00:04","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32427"},"modified":"2024-11-18T09:41:26","modified_gmt":"2024-11-18T06:41:26","slug":"solana-dapps-set-records-as-memecoin-mania-returns","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/","title":{"rendered":"Solana DApps Set Records as Memecoin Mania Returns"},"content":{"rendered":"<p>Over the past 24 hours, <strong>Solana-based decentralized applications (DApps)<\/strong> have achieved <strong>record-breaking fee revenues<\/strong>, driven by renewed <strong>memecoin fervor<\/strong>. According to <strong>DefiLlama data<\/strong>, five of the top 10 crypto protocols by fee earnings during this period were built on the <strong>Solana blockchain<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#Solana_DApps_Shine_Amid_Memecoin_Frenzy\" title=\"Solana DApps Shine Amid Memecoin Frenzy\">Solana DApps Shine Amid Memecoin Frenzy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#Key_Milestones_for_Memecoins_on_Solana\" title=\"Key Milestones for Memecoins on Solana\">Key Milestones for Memecoins on Solana<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Solana_DApps_Shine_Amid_Memecoin_Frenzy\"><\/span>Solana DApps Shine Amid Memecoin Frenzy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On November 17, Solana\u2019s <strong>Raydium<\/strong>, an automated market maker, generated a record <strong>$11.31 million<\/strong> in fees. Similarly, the liquid staking protocol <strong>Jito<\/strong> recorded its <strong>third-highest daily fee earnings<\/strong> at <strong>$9.87 million<\/strong>. Memecoin-focused platforms also joined the surge, with <strong>pump.fun<\/strong>, a memecoin launchpad, netting <strong>$1.65 million<\/strong> in fees, marking its <strong>seventh-highest earning day<\/strong>.<\/p>\n<hr \/>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/who-could-replace-gary-gensler-as-sec-chairman\/\"><strong>Who Could Replace Gary Gensler as SEC Chairman?<\/strong><\/a><\/em><\/p>\n<hr \/>\n<p>Additionally, <strong>Photon<\/strong>, a Telegram trading bot tailored for Solana-based memecoins, saw its <strong>fifth-highest daily fees<\/strong> at <strong>$2.36 million<\/strong>.<\/p>\n<p>This spike in activity coincides with <strong>SOL<\/strong>, Solana&#8217;s native token, reaching a peak of <strong>$242<\/strong>, its highest price since November 2021. The <strong>Peanut (PNUT) memecoin<\/strong>, inspired by a squirrel mascot, skyrocketed over <strong>2700% in two weeks<\/strong>, hitting a valuation of <strong>$2.4 billion<\/strong> on November 14. Notably, <strong>Elon Musk<\/strong>\u2019s repeated mentions of Peanut on X amplified its popularity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-11\/01933cd8-42a6-7bc8-b86c-bd088450fc56\" alt=\"sol\" width=\"654\" height=\"539\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Milestones_for_Memecoins_on_Solana\"><\/span>Key Milestones for Memecoins on Solana<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The largest <strong>Solana memecoin<\/strong>, <strong>Dogwifhat (WIF)<\/strong>, was recently listed on <strong>Coinbase<\/strong>, spiking to a six-month high of <strong>$4.19<\/strong> on November 15. Meanwhile, the creation of the U.S. <strong>Department of Government Efficiency<\/strong>, with an abbreviation matching Dogecoin\u2019s <strong>DOGE<\/strong> ticker, spurred additional gains for DOGE, which surged <strong>140%<\/strong> over the past two weeks.<\/p>\n<p>Currently trading at <strong>$234<\/strong>, SOL is within <strong>8.5% of its all-time high<\/strong> of <strong>$259<\/strong> set in November 2021. However, its <strong>market capitalization<\/strong>, now at <strong>$112 billion<\/strong>, has grown <strong>44%<\/strong> from the previous peak of <strong>$77 billion<\/strong>. This growth aligns with Solana\u2019s inflationary mechanism, rewarding stakers with newly minted SOL.<\/p>\n<p>At present, <strong>Solana&#8217;s inflation rate<\/strong> is <strong>4.9%<\/strong> and is programmed to decrease by <strong>15% annually<\/strong>, according to <strong>SolanaCompass data<\/strong>.<\/p>\n<p>As <strong>Solana<\/strong> solidifies its position in the blockchain space, the combination of <strong>high-performance DApps<\/strong>, a memecoin resurgence, and <strong>SOL\u2019s market momentum<\/strong> underscores the network\u2019s dynamic growth. The coming months may further illuminate <strong>Solana&#8217;s potential<\/strong> in the ever-evolving cryptocurrency landscape.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past 24 hours, Solana-based decentralized applications (DApps) have achieved record-breaking fee revenues, driven by renewed memecoin fervor. According to DefiLlama data, five of the top 10 crypto protocols by fee earnings during this period were built on the Solana blockchain. Solana DApps Shine Amid Memecoin Frenzy On November 17, Solana\u2019s Raydium, an automated<\/p>\n","protected":false},"author":28,"featured_media":32106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[192,151,58,295,93,1815,4254,467,1180,2842,1332,9255,9525,9250,6173,6833,1527,319,1574,3710],"class_list":["post-32427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-blockchain","tag-coinbase","tag-cryptocurrency","tag-dapp","tag-defi","tag-defillama","tag-dogwifhat","tag-elon-musk","tag-inflation","tag-jito","tag-memecoin","tag-peanut","tag-photon","tag-pnut","tag-pump-fun","tag-raydium","tag-sol","tag-solana","tag-staking","tag-wif"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana DApps Set Records as Memecoin Mania Returns - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana DApps Set Records as Memecoin Mania Returns - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Over the past 24 hours, Solana-based decentralized applications (DApps) have achieved record-breaking fee revenues, driven by renewed memecoin fervor. According to DefiLlama data, five of the top 10 crypto protocols by fee earnings during this period were built on the Solana blockchain. Solana DApps Shine Amid Memecoin Frenzy On November 17, Solana\u2019s Raydium, an automated\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-18T08:00:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-18T06:41:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/Solana-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yigit Taha OZTURK\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yigit Taha OZTURK\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/\",\"name\":\"Solana DApps Set Records as Memecoin Mania Returns - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/Solana-1.png\",\"datePublished\":\"2024-11-18T08:00:04+00:00\",\"dateModified\":\"2024-11-18T06:41:26+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/Solana-1.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/Solana-1.png\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Solana DApps Set Records as Memecoin Mania Returns\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc\",\"name\":\"Yigit Taha OZTURK\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g\",\"caption\":\"Yigit Taha OZTURK\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/ceyigitt\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Solana DApps Set Records as Memecoin Mania Returns - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/","og_locale":"en_US","og_type":"article","og_title":"Solana DApps Set Records as Memecoin Mania Returns - Coin Engineer","og_description":"Over the past 24 hours, Solana-based decentralized applications (DApps) have achieved record-breaking fee revenues, driven by renewed memecoin fervor. According to DefiLlama data, five of the top 10 crypto protocols by fee earnings during this period were built on the Solana blockchain. Solana DApps Shine Amid Memecoin Frenzy On November 17, Solana\u2019s Raydium, an automated","og_url":"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/","og_site_name":"Coin Engineer","article_published_time":"2024-11-18T08:00:04+00:00","article_modified_time":"2024-11-18T06:41:26+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/Solana-1.png","type":"image\/png"}],"author":"Yigit Taha OZTURK","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Yigit Taha OZTURK","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/","url":"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/","name":"Solana DApps Set Records as Memecoin Mania Returns - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/Solana-1.png","datePublished":"2024-11-18T08:00:04+00:00","dateModified":"2024-11-18T06:41:26+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/Solana-1.png","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/Solana-1.png","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/solana-dapps-set-records-as-memecoin-mania-returns\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Solana DApps Set Records as Memecoin Mania Returns"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc","name":"Yigit Taha OZTURK","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g","caption":"Yigit Taha OZTURK"},"url":"https:\/\/coinengineer.net\/blog\/author\/ceyigitt\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/32427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=32427"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/32427\/revisions"}],"predecessor-version":[{"id":32430,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/32427\/revisions\/32430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/32106"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=32427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=32427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=32427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}