January 11, 2023, 11:32AM EST
• 6 min read

Solana Sees Resurgence of Interest Led by Memecoin

Quick Take

  • The Solana ecosystem has endured a wide range of direct impacts from the fallout of the FTX/Alameda collapse
  • Recent interest in the BONK memecoin has contributed to a rebound in DEX activity on Solana, revealing some of the shifts in the Solana DeFi ecosystem in the absence of former incumbents like Serum
  • Rising usage of priority fees on Solana suggests tangible demand for the feature, which is one of several still in active development as the team continues its push for improved performance and stability

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