Meme Coin in Solana Ecosystem Continues to Gain Value

Mobility in the ecosystem of Solana (SOL), one of the best-performing altcoins of recent times, continues.

Bonk (BONK), which was launched as a meme coin at the beginning of this year, appreciated by more than 12% in the last 24 hours, increasing its return rate in the last two weeks. increased over 270%. BONK’s trading volume during this time period grew four and a half times to $60 million.

Bonk developers announced earlier this month that users will be able to one-sided staking in BONK liquidity pools. In this way, users can earn more than 25% annual return by supplying BONK to the Bonk Inu platform.

BONK’s rise is just one of the indicators that there is an influx of money into the Solana ecosystem. The total value of assets held on the Solana blockchain was $324 million at the beginning of October. for $596 million output.

SOL price has risen in the last 30 days despite concerns of a selling pressure from FTX. up more than 160%.

source site-9