Solana’s price has experienced a remarkable surge in recent weeks, surging over 40% in the past month. This impressive climb is driven by several factors, including a rise in wallet activity and the growing popularity of meme coins within its ecosystem. New users are steadily joining the network, leading to an increase in trading volume and overall engagement. This momentum is fueled by metrics like Glassnode’s record-breaking 11.04 million wallets holding at least 0.1 SOL, a figure that hit an all-time high on May 11th. Further highlighting this growth are the network’s impressive throughput of 1,190 transactions per second and increasing DEX volumes reaching $35.6 billion for the strongest performance in over two months.