dogwifhat

Solana

Jupiter

The Solana ecosystem has experienced notable growth, and SOL’s price <a href="https://www.newsbtc.com/news/solana/solana-sol-price-primed-for-50-leap-experts-turn-bullish/" target="_blank" rel="noopener ">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. 
<h2 style="font-weight: 400" id="solana-chain-driven-by-memecoins">Solana Chain Driven By Memecoins?</h2> 
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. 
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. 
<img loading="lazy" decoding="async" class="size-large wp-image-597891 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-14-a-las-8.56.56-a.-m.png?w=860&amp;resize=860%2C235" alt="Solana blockchain, memecoins" width="860" height="235" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-14-a-las-8.56.56-a.-m.png?w=1271 1271w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-14-a-las-8.56.56-a.-m.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-14-a-las-8.56.56-a.-m.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-14-a-las-8.56.56-a.-m.png?w=860&amp;resize=860%2C235 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-14-a-las-8.56.56-a.-m.png?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/03/Captura-de-Pantalla-2024-03-14-a-las-8.56.56-a.-m.png?w=1140 1140w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1"> 
Franklin Templeton Digital Assets <a href="https://twitter.com/FTI_DA/status/1767969299350610040" target="_blank" rel="noopener nofollow">shared</a> its perspective on the value of memecoins and their native networks. The financial giant considers that there’s a strong relationship between memecoins and the performance of their native chains. 
<blockquote> 
 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. 
</blockquote> 
The asset management firm deems that the connection between the two is further alluded to because “the Solana network captured a large percent of the activity of all the active addresses during the same time that BONK saw a price surge” during Q4 2023. 
According to CoinMarketCap data, the market capitalization of the Solana-based tokens increased by 5.5% from yesterday to over $222.36 billion. The performance of the memecoins seems to have put a notch on the <a href="https://www.newsbtc.com/news/solana-defi-landscape-thrives-with-record-11-billion-trading-volume/" target="_blank" rel="noopener ">network’s belt</a>. 
<h2 style="font-weight: 400" id="performance-un-like-cats-and-dogs">Performance Un-like Cats and Dogs</h2> 
Tokens in the Solana chain have registered massive performances recently, and the newest tokens around the block (dogwifhat, Wen, Jupiter) continue to shake the crypto market ground. 
Notably, dog- and cat-themed tokens continue to be hot topics&nbsp;in the community. According to CoinGecko Data, the Solana-based Myro, Bonk, and Popcat are trending tokens in their sub-categories. Las Vegas Puts Its Hat On 
Since the launch of dogwifhat (WIF), the token has gone from being a “cute dog with a crochet hat on to gathering a robust community seemingly able to back it up.” 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$WIF</a> 
 SPHERE UNLOCKED 
 dog <a href="https://twitter.com/search?q=%24wif&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$wif</a> hat, in all <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$SOL</a> colors, coming to your local LAS VEGAS SPHERE 
 HAT STAYS ON<a href="https://twitter.com/dogwifcoin?ref_src=twsrc%5Etfw" rel="nofollow">@dogwifcoin</a> <a href="https://t.co/NR1kln4X4u" rel="nofollow">pic.twitter.com/NR1kln4X4u</a> 
 — Curb◎ (@CryptoCurb) <a href="https://twitter.com/CryptoCurb/status/1767938259957465110?ref_src=twsrc%5Etfw" rel="nofollow">March 13, 2024</a>
</blockquote> 
The over $650,000 raised for the “wif on sphere” fundraiser campaign could serve as evidence of the community’s support. As a result of the campaign, the Las Vegas Sphere will display WIF’s icon for a week on the world’s largest LED screen. 
Since the news, the token skyrocketed to a new all-time high (ATH) of $3.36 this morning, representing a 42.3% increase in the last 24 hours. At writing time, WIF changes hands at $3.1, just 4.3% lower than its ATH. Space Suit On, Wen Goes To Jupiter 
Jupiter (JUP) recently announced its partnership with the cat-themed token WEN. The latest Jupiter Work Group (JWG) will collaborate with the WEN Work Group. According to the announcement, it “will be focused on contributing awesome vibes and content to amplify crucial Jupiter message.” 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 Jup <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"> Wen 
 Wen has a spacesuit for a reason, this cute cat is headed to Jupiter <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa90.png" alt="🪐" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/7k7h2AIdvk" rel="nofollow">https://t.co/7k7h2AIdvk</a> 
 — Wen (@wenwencoin) <a href="https://twitter.com/wenwencoin/status/1767756235732885932?ref_src=twsrc%5Etfw" rel="nofollow">March 13, 2024</a>
</blockquote> 
The community seemingly took the <a href="https://www.newsbtc.com/news/solana/solanas-jupiter-reveals-three-token-candidates-for-next-launchpad/" target="_blank" rel="noopener ">partnership</a> positively. After the news, both tokens surged. WEN’s price rose above $0.00040 in the early hours of the day, and it’s currently trading at $0.00038, a 12.5% increase in the last 24 hours. 
JUP propelled to a new ATH of $0.988, almost hitting $1. At writing time, the token is trading at $0.948, representing a 12.8% price surge in the 1-day timeframe. Similarly, its daily trading volume increased over 58%, with $418.04 million being traded in the past day. 
<img loading="lazy" decoding="async" class="size-large wp-image-597889 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/03/TOTAL_2024-03-14_08-24-16.png?w=860&amp;resize=860%2C433" alt="Solana, Crypto market cap, memecoins" width="860" height="433" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/TOTAL_2024-03-14_08-24-16.png?w=1022 1022w, https://www.newsbtc.com/wp-content/uploads/2024/03/TOTAL_2024-03-14_08-24-16.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/TOTAL_2024-03-14_08-24-16.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/TOTAL_2024-03-14_08-24-16.png?w=860&amp;resize=860%2C433 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/TOTAL_2024-03-14_08-24-16.png?w=360 360w, https://www.newsbtc.com/wp-content/uploads/2024/03/TOTAL_2024-03-14_08-24-16.png?w=750 750w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1">

Solana Tokens Among Top Gainers: JUP and WEN Soar Over 12%, WIF Hits New ATH

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