Solana has experienced a significant rally, surpassing the $200 pivotal mark and becoming the 4th largest cryptocurrency by market capitalization since December 2022, with its price raising from $8 to $200. It has outperformed Ethereum in daily DEX volume with $3.5 billion and surpassed Bitcoin in fees revenue over the past 7 days. A new Solana-based meme coin, Slerfsol, exceeded Ethereum exchanges in trading volume within its first day of existence. Nearly 27 Solana pre-sales raised over 655,000 SOL, amounting to $122.5 million. Users on Solana paid over ~16,000 SOL in fees within a 24-hour period, setting a new all-time high. Solana DEX volume reached an all-time high of $3.6 billion, with meme coin presales drawing $150 million in the last week alone. Amidst this frenzy, Solana's network has faced slowness and failed transactions, but this is seen as a stress test by Solana's co-founder. Solana has now become the largest blockchain by trading volume, with DEXs on the platform seeing $21.3 billion worth of trading volume over the last week, a 67% increase to $21.3 billion in seven days. Solana's ecosystem has emerged as the dominant blockchain ecosystem of the year, securing 49.3% of global crypto investor interest.