A new meme coin inspired by former President Donald Trump is driving significant growth in the Solana network’s total value locked (TVL), helping Solana surpass Ethereum in TVL for the first time. The Trump Memecoin, a recent addition to the Solana ecosystem, has quickly gained popularity among investors and traders.
Since its launch, the Trump Memecoin has seen remarkable success, causing a surge in activity within the Solana network. This surge has led to a considerable increase in Solana’s TVL, which now stands at $12 billion, surpassing Ethereum’s TVL.
The growing popularity of the Trump Memecoin has brought a new wave of attention to the Solana network, highlighting its scalability and efficiency compared to other blockchains. This increased interest has also resulted in a rise in the value of Solana’s native cryptocurrency, SOL.
Industry experts believe that the success of the Trump Memecoin and the subsequent growth in Solana’s TVL demonstrate the potential for meme coins to impact the wider cryptocurrency ecosystem. This trend also underscores the importance of scalability and low transaction fees, which are key features of the Solana network.
