Slerf? Snap? Memecoin Mania Drives Solana Toward Record High (1)

The rally in memecoins is powering a surge in Solana, the cryptocurrency that almost died amid the collapse of Sam Bankman-Fried’s FTX exchange.

Trading volume over Solana’s blockchain reached the highest in more than two years on March 15, with memecoins such as Slerf, Boom of Meme, Snap and Dogwifhat leading activity on decentralized exchanges, according to data compiled by CoinMarketCap and DEX Screener. Slerf alone accounted for nearly $2 billion in volume in the last 24 hours, according to DEX Screener, which said total volume on Solana over that time nearly touched $11 billion.

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