Solana ecosystem assets and protocols have observed an increase in activity and relevance among market participants as traders respond to potential airdrop announcements and meme coin frenzy.
Solana based assets like MYRO, POPCAT, SOLAMA, LOAF made a comeback amidst demand for SOL ecosystem tokens. Potential airdrops, large netflows and rise in total volume of assets locked are likely catalyzing gains in SOL ecosystem tokens. Backpack Exchange, Kamino Finance see rise in TVL and meme coins have noted price rallies in the past week. Bitcoin price rally past $70,000, to a new all-time high, likely catalyzed gains in altcoins.
Solana-based meme coins Dogwifhat , Bonk , Myro , Popcat and Solama , among others have noted a massive increase in their prices on the weekly timeframe. Solana-based meme coins. Source: CoinGecko Solana-based MEV Infrastructure company Jito Labs recorded a peak in revenue, $1.2 million in validator tips on Friday. The project has noted an increase in user activity. Similarly, Backpack Exchange recorded its largest daily netflow after announcing its first snapshot on March 18.
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