Solana breaks $120, Dog-themed meme coins BONK and WIF gain momentum.

Despite the Christmas holiday, SOL continues to soar, breaking $120 this morning. Solana protocol fees have surpassed Ethereum, and on-chain dog meme tokens BONK and WIF are also gaining attention.

SOL Continues to Soar, Surpassing $120

Despite the Christmas holiday, SOL continues to soar, breaking through $120 this morning, approaching its 2021 high of $259 by just half.

Solana Ecosystem DEX Raydium's Revenue in the Past 7 Days Surpasses Ethereum

According to data from DeFiLlama, the revenue of Solana ecosystem DEX Raydium in the past 7 days reached $87.07 million, surpassing Ethereum. The top five chains or protocols in terms of fees and revenue in the past seven days are Bitcoin ($117 million), Solana ecosystem DEX Raydium ($87.07 million), Ethereum ($80.57 million), Avalanche ($30.67 million), and Uniswap ($16.29 million).

Dog-Themed Memes Continue to Thrive

According to a report from Decrypt, dog-themed meme coins have been prevalent on Solana for weeks, from the BONK craze to Dogwifhat WIF, which surged 46% in 24 hours and features a dog wearing a hat.

Even Ryan Selkis, founder of research firm Messari, tweeted:

Every billionaire I know is asking me how to buy a dog with a hat today.

Every billionaire I know has asked me how to buy a dog with a hat today.

— Ryan Selkis (d/acc)🪳 (@twobitidiot) December 25, 2023

Ram Ahluwalia, CEO of asset management company Lumida, replied underneath:

The answer is the game of billionaires.

This article does not constitute investment advice. Please DYOR before trading.

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