Solana Nears $100 as Meme Coin Frenzy Continues to Drive Rally
Summary
Solana's SOL nears $100, driven by fast transactions, low fees, and meme coin hype. It has surpassed Ethereum in trading volumes and network fees. SOL's value locked in applications has surged to $1.3 billion. Year-to-date gains exceed 830%, despite selling pressure from FTX. Meme coins like BONK and WIF have seen significant jumps, with thousands of meme coins issued. Analysts expect SOL's outperformance to continue, fueled by retail investor interest. Google searches for Solana have surged 250% in the past two months. The blockchain's growth is supported by new protocols and airdrops.
