Solana has been the focal point within the final seven days, spearheading many of the information headlines within the crypto neighborhood.

First, the Solana community suffered an outage on Tuesday, shutting down for practically 5 hours and sparking criticisms left and proper. Shortly after, SOL skyrocketed to $105, and its ecosystem recorded $1.85B in complete worth locked (TVL) – a quantity not seen since mid-2022.

The meme coin frenzyness has pushed numerous site visitors to the Solana community. Final week, two common meme cash dominated the scene: WOOF and BORK, exhibiting off 50% and 70% in progress, respectively.

WOOF Closes the Week With 70% Surge

WOOF is a meme coin constructed on the Solana blockchain and goals to turn into essentially the most decentralized meme/social token in that ecosystem.

As per knowledge from CoinMarketCap, WOOF has seen its buying and selling quantity rise 30%, at present buying and selling at $0.00014, a 76% enhance within the final seven days.

WOOF stands for “We Personal Our Future,” clearly signaling the emphasis on its neighborhood, which leads the protocol’s DAO, being energetic individuals within the challenge’s trajectory.

The BORK Mania

BORK is one other meme coin on the Solana blockchain that noticed vital positive factors within the final seven days. In response to knowledge from TradingView and CoinMarketCap, the token closed the week at $0.0006142, a 50% surge.

BORK was impressed by the viral web meme from 2013, Bork, also referred to as Gabe the Canine. The challenge strives to determine itself as a high memecoin inside Solana, aiming to create a sustainable neighborhood of retail buyers.

Notably, BORK has garnered consideration for its meteoric rise within the memecoin scene. As reported, a dealer achieved vital positive factors of roughly 2,250 SOL – round $245,000 – in simply 5 days, beginning with an preliminary funding of 4 SOL shortly after discovering BORK 10 minutes after launch.

Solana’s Ecosystem on the Rise

Solana has seen an uptick in value and community exercise, with SOL reaching $110 on Friday.

CryptoPotato reported final week how Solana’s TVL rose to $1.74 billion, marking a virtually 500% enhance since October 2023. However Solana’s ecosystem shortly surged to $1.85B a day later, signaling the fast resurgence of the Solana DeFi ecosystem.