In line with Blockworks Analysis, Solana (SOL) trading-related charges exceeded $11 million on October 24, a brand new excessive. information.

This metric is known as “Actual Financial Worth” (REV), and it contains transaction charges and MEV suggestions for validators.

Solana has dominated the day by day buying and selling quantity within the decentralized finance (DeFi) ecosystem for 13 consecutive days. In line with To Defilama.

In the meantime, the community's decentralized trade recorded buying and selling quantity of over $2.6 billion on October twenty fourth.

AI Meme Coin Drives Progress

Notably, this REV peak and important buying and selling quantity occurred amidst the frenzy brought on by the intersection of synthetic intelligence (AI) and meme cash.

AI Agent Fact Terminal spurred on This new on-chain transaction “meta” is what motivated the launch of the meme coin Goatseus Maximus (GOAT), the place publications concerning the “Goatse Gospel” had been. GOAT presently has a market capitalization of $650 million, with almost $450 million moved on-chain prior to now 24 hours.

In consequence, a big wave of AI-related tokens overtook Solana. Memecoin-focused launchpad Pump.enjoyable reached an all-time excessive of 36,339 tokens deployed on October 24, Hashed's revealed. dashboard About Dune Analytics.

The whole deployed on Pump.enjoyable accounted for over 84% of all 43,166 new tokens issued on Solana yesterday. new document.

Moreover, the Pump.fun-launched token recorded round $8.7 billion in buying and selling quantity final week, topping Solana's weekly buying and selling quantity for the primary time. base Based mostly on information from Blockworks Analysis.

These components led Pump.enjoyable to cross one other vital milestone on October twenty fourth, with income exceeding 1 million SOL simply 9 months after launch.

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