Solana is solid above $ 170 despite a minor drop of 3% of the day, continuing a powerful race that has seen more than 30% in the last 30 days. The layer 1 network recovered the territory seen for the last time in the first quarter, with bulls pushing towards the key resistance of $ 190.
The latter rally pushed Solana's market capitalization over $ 91.9 billion, and the daily commercial volume remains high at more than $ 6 billion – a sign that the interest in the network is far from fade. The momentum has been reinforced by a samewater wave of activity, increasing the use of the challenge and increased institutional activity through the main Solana protocols.
Even Mania returns as the stock market capitalizations of Solana Memecoin explode
Solana's same ecosystem is in full resurgence. The 15 main pieces of memes now have a combined market capitalization of $ 14.6 billion, with daily volumes exceeding $ 6.5 billion.
Strokes like Dogwifhat (WIF) and Peanut The Squirrel (PNUT) soaring 106% and 155%, respectively, during last week. Bonk and Fartcoin continue to anchor the same scene, while new names like Launch Coin on Belief and Habibi (floor) display three -digit gains.
The launches motivated by pump are always prominent, but the challengers like Bonkfun and believe they are gaining ground. With tokens like Trump, Fofo and Pengu, hundreds of millions in daily commercial volume, Solana is once again the epicenter of the crypto memetics.
Volume Dex, Defi TVL and Kamino Surge as activity tips
Samecoin mania is just a piece of the puzzle. Defi roared on the blockchain.
The total locked value has climbed over $ 9.5 billion – up 52% ​​per month, which placed it at a striking distance from the previous cycle. The Kamino TVL protocol exceeded $ 2.2 billion, and Solend (now renamed as a safeguard) is back above $ 200 million, reflecting renewed interest in the primitives of yield bearers.
Jito, Marginfi and other Native Solana projects also see entries when users run in the ecosystem. The daily volume of Dex recently exceeded $ 9.8 billion, exceeding Ethereum, with same pairs causing almost 30% of the action.
In addition, on May 13, Solana generated $ 7.96 million in chain fees, compared to $ 2.54 million in Ethereum. It is more than all the other big blockchain, including Bitcoin, the BNB channel and the arbitrum, combined. It is a clear signal that the use of the network increases rapidly, with 3.47 million addresses active compared to the 450,000 of Ethereum.
While Ethereum still dominates in the traction of the long -term developer and TVL, Solana takes front of a real user activity and the merchants notice.
