Will Solana’s memecoin scene heat up again after WIF and BONK?

• Solana’s price performance has been completely contrary to that of its memecoins
• SOL memecoins are outperforming ETH with over 800% surge (YTD).

In the last 30 days, Solana [SOL] has experienced a decline, losing its price value by 13.20%. However, SOL memecoins have performed extremely well, surging by over 800%.

SOL memecoins has even outpaced Ethereum [ETH] memecoins such as  Shiba Inu [SHIB] and  Pepe [PEPE]. In fact, Solana memecoins such as WIF and BONK have experienced exponential growth.

Source: Coingecko

Therefore, because of this sustained growth with SOL memecoins, various memecoins are continually entering the market. Many developers are attempting to leverage SOL because it’s cheap and has exponential speed.

What’s driving the surge?

Source: X

As previously reported by AMBCrypto, SOL memecoins have outperformed ETH coins by over 800% (YTD).

The rising performance associated with SOL memecoins arises from increased activity, adoption, and affordability of the ecosystems by various developers.

Equally, SOL has a higher transaction speed than its counterpart, Ethereum. Solana ecosystem uses various mechanisms and validators that boost its speed, such as the firedancer.

Regarding speed, Solana has a 2000 TPS compared to Ethereum, which only reports 50 transactions per second. Another important aspect pushing Solana memes is its affordability.

Solana boasts of lower costs, enabling it to support multiple transactions with a cost of as low as cents. Compared to Ethereum, Sol generates less revenue in fees.

Thus, the affordability makes developers choose Solana over Ethereum, which makes it popular. Finally, celebrities such as Ariana Grande are associated with SOL memecoins, making them very popular on social platforms.