Solana, a blockchain platform, has recently surpassed Ethereum in weekly fees, with daily fees reaching an all-time high of $13.9 million, outpacing Ethereum by nearly 2x. This marks the greatest divergence in fees ever between the two networks, with Solana's fees increasing by 276% from October and 12200% year-over-year. Additionally, Solana's DeFi Total Value Locked (TVL) has surged to $9.26 billion, marking its highest level in three years, inching towards its all-time high of $10 billion. The platform has also seen a record-breaking 77,000+ tokens deployed in a single day, mostly memecoins, driven by the memecoin frenzy. Solana's dominance in the DeFi sector is further evidenced by its DEX volumes now being more than double Ethereum's, as top DeFi protocols bridge products to Solana. However, this surge in activity has led to concerns about potential network congestion, with Solana fees at $0.15, eclipsing Ethereum Layer 2 solutions by orders of magnitude. Solana has also hit $800 billion in total DEX volume, with 4 billion total swaps and 311 million total traders.