{"id":657617,"date":"2024-12-05T03:30:11","date_gmt":"2024-12-05T03:30:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=657617"},"modified":"2024-12-05T02:21:42","modified_gmt":"2024-12-05T02:21:42","slug":"november-crypto-performance-memecoins-up-95-ada-sol-and-dot-follow-with-strong-gains","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/november-crypto-performance-memecoins-up-95-ada-sol-and-dot-follow-with-strong-gains\/","title":{"rendered":"November Crypto Performance: Memecoins Up 95%, ADA, SOL, And DOT Follow With Strong Gains"},"content":{"rendered":"
In what has been one of the most bullish months of the year, asset manager and crypto exchange-traded fund (ETF) issuer VanEck released a report highlighting significant gains in the memecoin sector, alongside notable performances from major cryptocurrencies like Cardano (ADA), Solana (SOL), Polkadot (DOT), and Stellar (XLM).<\/span><\/p>\n According to VanEck’s <\/span>analysis<\/span><\/a>, Solana delivered a 42% return in November, with the SOL token hitting an all-time high of $262. This increase was largely driven by a surge in on-chain trading activity related to memecoins, which led the general market rally with a 95% increase during the month.\u00a0\u00a0<\/span><\/p>\n This drove Solana’s revenues and <\/span>decentralized exchange<\/span><\/a> (DEX) volumes to unprecedented levels. In fact, Solana generated $177 million in revenue in November, doubling the previous month’s high of $74 million.\u00a0<\/span><\/p>\nSolana\u2019s Ecosystem Thrives<\/span><\/h2>\n