Solana's rise in the cryptocurrency realm has seen it surpass Ethereum in trading volume, driven by memecoins like BOME and WIF. The surge in transactions highlights Solana's growing ecosystem, surprising many but not keen blockchain observers. Vitalik Buterin advocates for 'good' meme coins with positive impact, contrasting the negative ones. Memecoins have seen a supercycle, with market cap hitting over $50 billion, doubling in a month. Low-fee blockchains like Solana and Avalanche are favored for new meme coins, attracting retail investors.