🟢On November 18, Solana’s price surged past $245, a level unseen since December 2021. This spike was driven by record network revenues, which reached $9.3 million. Experts attribute the heightened activity to renewed interest in meme coins. On November 17, crypto influencer Patrick Scott noted that five of the top ten protocols by daily revenue are linked to Solana.
🟢The most profitable projects included: the DEX Raydium, with a record $13.37 million, the liquid staking protocol Jito with $7.89 million, Telegram bot Photon with $2.36 million, and Pump.fun with $1.65 million. At the time of writing, SOL was priced at $242.47, up 1.5% over 24 hours and 17.4% over the week. However, the meme coin dogwifhat dropped by 4.9%.
🟢Meanwhile, Peanut the Squirrel quadrupled in value since November 13. Analysts at VanEck highlight strong chances of Solana ETF approval by the end of 2025.