Solana and Avalanche MEME trading frenzy is sweeping the market.

These networks are favored by traders for their lower transaction fees and faster speeds compared to Ethereum. Solana transaction costs are extremely low, less than a cent, and processing speeds take just seconds; in comparison, Ethereum transactions cost at least $15 and can take up to a minute to process. Such differences make Solana and Avalanche new favorites in the eyes of investors.

Solana

Solana A series of Meme-based Dogecoins have taken off, and some explosive growth has not only promoted heated discussions in the market, but also contributed a lot to the continued enthusiasm of the Solana ecosystem.

Among all public chain inscriptions, Sols has been performing exceptionally well, so last week the Bitget platform announced that it would launch the inscription token Sols on the Solana chain and open trading channels on December 15. Then, Magic Eden's market data showed that the floor price of Sols exceeded 100 SOL, setting a record high. It caused many people to "break their thighs."

The transaction volume of Solana DEX also exceeded 5 billion US dollars, setting a new historical record again, and even surpassed Ethereum within 24 hours.

Although the liquidity of most Tugo projects is on Solana DEX such as Jupiter and Raydium, the majority of "Tugo traders" trade on the information aggregation front-end platforms of Birdeye and Meteora .

Silly Dragon

SILLY continues to hit new highs.

The first is SILLY, a "meme" that went viral because Toly, the co-founder of Solana Labs, wore a "dragon" costume at the Breakpoint conference. The launch of SILLY, coupled with the impact of the concept that next year will be the Year of the Dragon, has quickly become the focus of the market.

Not only did it spread offline, Toly also liked and retweeted it on social media many times to spread the silly dragon memes: "Silly dragon memes are urgently needed."

With Toly's multiple "supports", SILLY has been rising steadily. According to BlockBeats news, on December 20, SILLY exceeded $0.024 yesterday, rising by more than 131% in 24 hours. A few hours later, it broke through $0.047, and the 24-hour increase expanded to 211%.

Today, Silly Dragon once again reached a new high. As of the time of writing, the price is US$0.0686. It is quite likely to become the "King of MEME" of Solana's new generation.

ZERO

According to BlockBeats, after briefly breaking through the price of $1.7 on December 15, the ZERO token fell back to $0.5 within two days, but it stood strongly above $1.6 last night and returned to sight.

ZERO is a Solana on-chain token that combines the concepts of inscriptions, memes, and gambling. Its total supply is 21 million coins, of which 10.5 million will be minted at a price of 0.08 SOL, with all proceeds going into the AMM pool. This unique structure has made ZERO a hot topic within the crypto community, even though it is still in its very early stages.

ZERO token was founded by @Pland__, an early Ordinals OG and Solana developer. Plan pointed out that Sols are not pure inscriptions, but are essentially NFTs, and there are hidden charges when verifying NFT inscriptions. Therefore, he launched the Meta Protocol through inscription technology and launched Fairmint, which is purely inscription ZERO, on Solana.

The mechanism of Fairmint is very interesting: it lasts for 10,500 Solana blocks, each block is about 300 milliseconds, the total duration is about 90 minutes, and there are 10,500 inscriptions in total. The hash value of each block extracts a number. If the number is even, the first number closest to the block hash value from top to bottom in the block is the winner, and the opposite is true for odd numbers. Each transaction is charged 0.08 Sol, and all is added to the ZERO pool.

It is reported that the probability of winning the lottery is about 8%, making the market value when joining the pool reach 1.3 million US dollars. In the Solana ecosystem, many new projects have been snapped up quickly, and the Meta Protocol has realized Fairmint's innovation through Ordinals technology and principles. This may be one of the reasons why ZERO is so popular.

WIF

In addition, WIF, a token with the meme of "dog in a hat", often ranks first on Birdeye's trading hot list. At the time of writing, the price of WIF is $0.21.

According to BlockBeats, a trader made a huge profit of $1.47 million in just five days by investing in the Meme token WIF on the Solana chain.

!knoB

Today, knoB is also spreading more in the Chinese-speaking community. As the inverted letters of "bonk", everyone's emotions for "Bonk" have been transferred to "knoB". The community even calls $zero $silly $knob the sol chain troika.

The knoB official website, twitter, and community all have strong nonsensical meme characteristics. The official website has a simple design and interesting colors. As of the time of writing, the price of !knoB is US$0.00093, an increase of 211.1% in 24 hours, and an increase of 1683.0% in 7 days.

Avalanche

In the last bull market, Solana, Avalanche and Terra, as the three most widely adopted L1 public chains, together shaped the "new public chain" narrative. Solana is known for its high throughput and low transaction fees, and Avalanche, under the title of Financial Internet, aims to build a bridge between the blockchain field and traditional finance.

In this wave of inscriptions and memes, Avalanche has once again kept up with Solana, and inscription AVAX has risen by nearly 12% in recent days. Related reading: " The price of Avalanche inscriptions has doubled. What other passwords are there besides ASCT?" 》

COQ

COQ is a "hen"-themed meme project launched by @WojakSatoshi on December 8. In less than a week since its launch, it has become the most popular meme coin on Avalanche. COQ is called PEPE on Avalanche by the community.

Over the past two days, COQ has also shown a significant growth trend. According to data from CoinGecko, COQ first rose by 26.7% in 24 hours on December 18, quoting at $0.00000178. Then on the same day, its gains further expanded to 45.1%, with the price rising to $0.00000196. On December 19, COQ's increase reached 108.6%, and the quotation rose to $0.00000244, showing strong market dynamics.

At the time of writing, the price of COQ is $0.00000324.

BlockBeats reminds that the MEME market is easily dominated by FOMO sentiment, and most of the tokens show violent capital rotation, so investors need to be cautious in participating. This article does not represent any investment advice. Readers are advised to pay attention to risk screening, DYOR.