CandleFocus

AI bots turbocharge Solana trading metrics

Author: Content Editor
Solana's onchain volume has reached unprecedented levels, surpassing even the peak of the memecoin frenzy earlier this year. The recent surge in memecoin activity on Solana seems to be fueled by the popularity of AI bots, which have given these coins a sense of significance. Solana's real economic value (REV) has set new highs, reaching $36 million last week and expected to break that record again this week. Memecoins accounted for nearly 78% of Solana DEX volume, marking an all-time high for memecoin dominance. Solana's price has also hit an all-time high compared to Ethereum, reaching 7% of ETH's price. The recent buzz was sparked by the Goatseus Maximum memecoin endorsed by an AI bot called truth_terminal, pushing the token's market capitalization to over $730 million. The memecoin market has transitioned from fun and unserious to a more serious tone, attracting traders who perceive something major happening. However, the true significance of the AI agent phenomenon remains elusive. Nevertheless, memecoins now have the pretense of being about something real, which has contributed to the surge in Solana's metrics.

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