Solana has emerged as a dominant force in the cryptocurrency market, particularly in the realm of memecoins. The total market cap of Solana memecoins has surpassed $10 billion, with the new memecoin $FWOG becoming the largest by market cap launched on Pump.fun. Solana projects raised $173 million in private funding in Q3 2024, marking the highest quarterly funding since 2022. Additionally, Solana accounts for over 87% of new tokens created in 2024, with 96,010 tokens launched in late September alone. The tokenized treasury assets on Solana have surged by over 100% in the past 30 days, and the price of $SOL has risen back above $150, reclaiming a $70 billion market cap. Solana memecoin $FWOG has flipped Spirit Airlines in market cap, and $BOME has surpassed $APE in market cap.