Solana’s network experienced a surge in economic value, reaching a record high of $11,089,500 on October 24th. This milestone was driven by increased transaction fees and Maximal Extractable Value (MEV) tips, exceeding Ethereum’s performance since October 19th. The rise is largely attributed to the popularity of meme coins on Solana, with the Solana Telegram Bot alone witnessing $211 million in trading volume on October 24th.