Trump Meme Coin Benefited the Most to Solana: Record After Record Seen! - Coin Bulletin

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Donald Trump's Solana-based memecoin TRUMP has created a major buzz in the crypto ecosystem, pushing Solana prices and the total value locked (TVL) on the network to record levels.

TRUMP token, which is supported by the new US President Donald Trump and announced as the 'official' memecoin, has created a significant movement in the Solana ecosystem. While many high-volume tokens based on Solana gain value, SOL, the native token of Solana, has reached a new peak above $275.

As reported by CoinDesk, the release of TRUMP on the Solana network has increased the demand for SOL and had a positive impact on market sentiment. The trading volume of SOL skyrocketed from 3 billion dollars to 26 billion dollars in just one day.

Throughout the week, SOL's gain reached 46%, marking an approximate 3,000% recovery from Solana's $9 low in December 2022. During this period, the collapse of FTX and the loss of support from Sam Bankman-Fried seriously damaged Solana's image.

Solana's TVL Record and New Peak

The launch of Trump's memecoin, TRUMP token, on Solana has increased the total locked value (TVL) on the Solana network, pushing it back above $10 billion.

According to DeFiLlama data, the total locked value on the network has now reached $12 billion, representing a new all-time high for Solana.

Trump's memecoin project has pushed Solana's market price to a new high, increasing it by 23%. These developments indicate an increasing trust in Solana's smart contracts and a revitalization of the ecosystem.

Network Usage Revenues and Active Address Count

Between Saturday and Sunday, it was reported that over $35 million in transaction fees and $14 million in revenue were generated on the Solana network. This transaction volume was carried out by approximately 6 million active addresses.

The fact that transaction fees that did not exceed 14 million dollars at November 2022 levels remain at half of today's levels reveals the magnitude of the rise in the Solana ecosystem.

The increasing activity along with projects like TRUMP token shows that Solana has gained significant momentum in terms of transaction volume and revenue compared to previous periods.

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