{"id":597886,"date":"2024-03-14T21:00:56","date_gmt":"2024-03-14T21:00:56","guid":{"rendered":"https:\/\/www.wncen.com\/?p=597886"},"modified":"2024-03-14T15:42:15","modified_gmt":"2024-03-14T15:42:15","slug":"solana-tokens-among-top-gainers-jup-and-wen-soar-over-12-wif-hits-new-ath","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/solana\/solana-tokens-among-top-gainers-jup-and-wen-soar-over-12-wif-hits-new-ath\/","title":{"rendered":"Solana Tokens Among Top Gainers: JUP and WEN Soar Over 12%, WIF Hits New ATH"},"content":{"rendered":"

The Solana ecosystem has experienced notable growth, and SOL\u2019s price has turned many experts<\/a> bullish on it. Similarly, the Solana-based tokens are showing impressive performances during this bull run, with many being among the top gainers in different timeframes.<\/p>\n

Related Reading: Solana Smashes Major Resistance Levels, New All-Time High Imminent?<\/a><\/div>\n

Solana Chain Driven By Memecoins?<\/h2>\n

According to CoinGecko data, Solana is currently the 5th largest blockchain by Total Value Locked (TVL), registering over 12.8% growth in the past day. During this timeframe, Solana has outperformed its competitors, including Ethereum, which has registered a 2.2% decrease since yesterday.<\/p>\n

In the 7-day and 30-day timeframes, Solana has seen a TVL growth of 35.3% and 89.8%, respectively. As displayed in the chart below, it surpassed the performance of the four chains above it.<\/p>\n

\"Solana<\/p>\n

Top 5 blockchains by TVL. Source: CoinGecko.com<\/pre>\n
Franklin Templeton Digital Assets shared<\/a> its perspective on the value of memecoins and their native networks. The financial giant considers that there\u2019s a strong relationship between memecoins and the performance of their native chains.<\/p>\n
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In the last year, crypto markets have seen multiple meme coins parabolically surge, most notably, Solana based BONK during Q4 2023. Solana daily active user addresses were up 75% quarter over quarter from Q3 to Q4 2023.<\/p>\n<\/blockquote>\n
The asset management firm deems that the connection between the two is further alluded to because \u201cthe Solana network captured a large percent of the activity of all the active addresses during the same time that BONK saw a price surge\u201d during Q4 2023.<\/p>\n
According to CoinMarketCap data, the market capitalization of the Solana-based tokens increased by 5.5% from yesterday to over $222.36 billion. The performance of the memecoins seems to have put a notch on the network\u2019s belt<\/a>.<\/p>\n
Performance Un-like Cats and Dogs<\/h2>\n
Tokens in the Solana chain have registered massive performances recently, and the newest tokens around the block (dogwifhat, Wen, Jupiter) continue to shake the crypto market ground.<\/p>\n
Notably, dog- and cat-themed tokens continue to be hot topics\u00a0in the community. According to CoinGecko Data, the Solana-based Myro, Bonk, and Popcat are trending tokens in their sub-categories.<\/p>\n
Las Vegas Puts Its Hat On<\/h3>\n
Since the launch of dogwifhat (WIF), the token has gone from being a “cute dog with a crochet hat on to gathering a robust community seemingly able to back it up.”<\/p>\n
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$WIF<\/a><\/p>\n
SPHERE UNLOCKED<\/p>\n
dog $wif<\/a> hat, in all $SOL<\/a> colors, coming to your local LAS VEGAS SPHERE<\/p>\n
HAT STAYS ON@dogwifcoin<\/a> pic.twitter.com\/NR1kln4X4u<\/a><\/p>\n
— Curb\u25ce (@CryptoCurb) March 13, 2024<\/a><\/p><\/blockquote>\n