Are Memecoins Driving Solana’s Trading Volume Up?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRn2qogP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTR3dTEyYW5hNGlwNVcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   After over a month of continuous gains, the crypto market is finally taking a breather. Bitcoin is currently trading in a range between $65,000 and $69,000, yet surprisingly, the CMC Crypto Fear and Greed Index remains elevated at 85 - indicating extreme greed persists among investors. With the highly anticipated Bitcoin halving event just a month away, the stage is set for some potentially volatile moves in the weeks ahead. As always, today, we're rounding up some of the biggest stories making waves across crypto. Here's a quick summary of the top headlines: - The real-life Shiba Inu dog behind the legendary Dogwifhat meme makes its debut with an NFT drop. - Popular crypto gaming studio Parallel makes a pivot from Ethereum to build their new survival simulation game Colony on the Solana blockchain instead. - Memecoin named Book of Meme (BOME) sparked a trading frenzy that drove Solana's 24-hour trading volume past Ethereum's. - Starbucks calls it quits on their NFT-based loyalty program Odyssey Beta. - Dubai's Financial Free Zone DIFC passes new laws to provide "legal certainty" around digital assets. Let's take a deeper look into these stories. MARKET OVERVIEW [Globe Icon] GLOBAL MARKET CAP 2.57T ▲2.2% (24H) [24H Icon] 24H MARKET VOLUME $120.12B ▼22.44% (24H) [Bitcoin Icon] BITCOIN’S DOMINANCE 52% ▲0.11% (24H) FEAR & GREED INDEX [Fear & Greed Index] [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRn2qogP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWdhOWhhb3R4dTk2eFcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRn2qogP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9Nzg2OXJ4cnJybHN3VwNzcGNCCmXvICX4ZUSxQDlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRn2qogP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD15dzJjbTUyeWVvdWpXA3NwY0IKZe8gJfhlRLFAOVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRn2qogP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPTJ1Y2NlM2lmNmZ5d1cDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 18 Mar 2024 10 AM UTC [Gainer Icon] TOP GAINERS 24H% [Project Icon 4] [WEMIX](~/AAQRxQA~/RgRn2qogP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTl2ZDMxbXc2c3Vza1cDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲11.94% [Project Icon 5] [THETA](~/AAQRxQA~/RgRn2qogP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTRoYjliN2xsNG9lb1cDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲11.82% [Project Icon 6] [SUI](~/AAQRxQA~/RgRn2qogP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTB0dWx2dnFxbzZzZFcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲11.51% [Loser Icon] TOP LOSERS 24H% [Project Icon] [ZRX](~/AAQRxQA~/RgRn2qogP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTV1ODdjcjR5enNsdlcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼8.58% [Project Icon 2] [FLOKI](~/AAQRxQA~/RgRn2qogP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPXczbnh0YzV5OW5vM1cDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼5.58% [Project Icon 3] [CFX](~/AAQRxQA~/RgRn2qogP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWUzd3h6emd1a2E3dVcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼4.5%   [The Real Dogwifhat Makes a Debut](~/AAQRxQA~/RgRn2qogP0R9aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvb3duZXJzLW9mLXNoaWJhLWludS1iZWhpbmQtZG9nd2lmaGF0LW1lbWUtYXVjdGlvbnMtbmZ0LW9uLWV0aGVyZXVtP2xpZD1ocTFuZGEyMnBuZGNXA3NwY0IKZe8gJfhlRLFAOVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Yes, it’s true! The real shiba inu behind one of crypto's most legendary memes is now barking up the Ethereum tree with her very own NFT drop! Achi, the floppy-eared pooch in the iconic Dogwifhat logo that sparked the $3 billion WIF coin, has emerged from anonymity, thanks to her owner's new digital art piece immortalizing her viral pic. The Instagram user has actually been posting snaps of a beanie-clad Achi for years pre-meme mania. But while WIF took off on Solana without their input, Achi's debut NFT auction is happening on Ethereum's Foundation platform - with a leading bid near $200K! But one question - why isn't Achi partnering with the Dogwifhat’s team? [Read the full story](~/AAQRxQA~/RgRn2qogP0R9aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvb3duZXJzLW9mLXNoaWJhLWludS1iZWhpbmQtZG9nd2lmaGF0LW1lbWUtYXVjdGlvbnMtbmZ0LW9uLWV0aGVyZXVtP2xpZD05aDRsdnlsZDVyZDVXA3NwY0IKZe8gJfhlRLFAOVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   [New Crypto Game on Solana](~/AAQRxQA~/RgRn2qogP0SdaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2ViMy1nYW1lLXN0dWRpby1wYXJhbGxlbC1sYXVuY2hlcy1zdXJ2aXZhbC1zaW11bGF0aW9uLWdhbWUtb24tc29sYW5hLXByaW1lLXJlYWNoZXMtYWxsLXRpbWUtaGlnaHM_bGlkPXlta3FudnVxazgyYVcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Popular crypto gaming company Parallel Studios recently revealed their next title - a survival simulation game called Colony. Unlike Parallel Studios' previous game that runs on Ethereum, Colony will be built on the Solana blockchain. This is an interesting platform pivot. For crypto gamers, there is also the prospect of earning rewards in Parallel's governance token PRIME. This seems to be driving hype, with PRIME reaching new all-time high prices this week. But why are they shifting from Ethereum to Solana? [Read the full story](~/AAQRxQA~/RgRn2qogP0SdaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2ViMy1nYW1lLXN0dWRpby1wYXJhbGxlbC1sYXVuY2hlcy1zdXJ2aXZhbC1zaW11bGF0aW9uLWdhbWUtb24tc29sYW5hLXByaW1lLXJlYWNoZXMtYWxsLXRpbWUtaGlnaHM_bGlkPWpjZzJsbXlnN25zMFcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   [CMC Live: Weekly Crypto Forecast](~/AAQRxQA~/RgRn2qogP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzQ1MzU4NTEvP2xpZD1kMnc2azZ3OTdlZXJXA3NwY0IKZe8gJfhlRLFAOVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Monday, 18 Mar on 3PM UTC CMC-Community Live: Weekly Crypto Forecast Join CMC's Research Lead, Alice, as she shares crucial insights for the upcoming week ahead. [JOIN US SOON](~/AAQRxQA~/RgRn2qogP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzQ1MzU4NTEvP2xpZD1vYTJqeTYxbXRraTJXA3NwY0IKZe8gJfhlRLFAOVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   [Solana Above ETH](~/AAQRxQA~/RgRn2qogP0SRaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29sYW5hLXN1cnBhc3Nlcy1ldGhlcmV1bS1pbi11c2VyLWFjdGl2aXR5LWFtaWRzdC1zdXJnZS1pbi1tZW1lY29pbnMtbGlrZS1ib29rLW9mLW1lbWU_bGlkPXpvMm05bnp4MDlzalcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) And while we are talking about Solana and its projects - this weekend was an absolute meme-fest, and let's just say that the network was feeling the heat. Solana's trading volume went full ape mode, surpassing even the mighty Ethereum's numbers. We're talking a whopping $3 billion in 24-hour trades, leaving ETH's measly $2.04 billion in the dust. But wait, there's more! On March 15th, Solana hit a new record of $3.79 billion in trading volume. And what was the driving force behind this meme-ocalypse, you ask? Two words: Book of Meme (BOME). This little memecoin went from zero to hero in just 56 hours, rallying to a $1.45 billion market cap. Talk about a rags-to-riches story for the ages! [Read the full story](~/AAQRxQA~/RgRn2qogP0SRaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29sYW5hLXN1cnBhc3Nlcy1ldGhlcmV1bS1pbi11c2VyLWFjdGl2aXR5LWFtaWRzdC1zdXJnZS1pbi1tZW1lY29pbnMtbGlrZS1ib29rLW9mLW1lbWU_bGlkPW9jc2NteGMxaDIzdlcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   [Starbucks Pulls the Plug on the NFT Rewards Program](~/AAQRxQA~/RgRn2qogP0RpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3RhcmJ1Y2tzLWVuZHMtb2R5c3NleS1iZXRhLW5mdC1yZXdhcmQtcHJvZ3JhbT9saWQ9NzZmbzVuMnIzbmpsVwNzcGNCCmXvICX4ZUSxQDlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) It's time to pour one out for another casualty in the world of Web3 – Starbucks' Odyssey Beta program is officially calling it quits. For those of you who haven't been keeping up with the latest corporate NFT experiments, Odyssey Beta was Starbucks' attempt to blend the worlds of coffee and crypto. Launched back in September 2022 (a.k.a. the height of the crypto bear market), the program allowed customers to earn and trade digital collectible stamps in the form of NFTs. But alas, all good things must come to an end, and on March 31st, Starbucks will be pulling the plug on Odyssey Beta. The marketplace, the community Discord server – all of it will be no more. But what about the NFTs that are already in the marketplace? Will they end up being some legendary items? Or will Starbucks buy them back? [Read the full story](~/AAQRxQA~/RgRn2qogP0RpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3RhcmJ1Y2tzLWVuZHMtb2R5c3NleS1iZXRhLW5mdC1yZXdhcmQtcHJvZ3JhbT9saWQ9dW1seG04cGxvNHZjVwNzcGNCCmXvICX4ZUSxQDlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   [Dubai Goes All in Crypto](~/AAQRxQA~/RgRn2qogP0R6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZHViYWlzLXNwZWNpYWwtZWNvbm9taWMtem9uZS1kaWZjLXBhc3Nlcy1uZXctZGlnaXRhbC1hc3NldHMtbGF3P2xpZD04enIxbXd2bHYxdHJXA3NwY0IKZe8gJfhlRLFAOVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Dubai’s financial powerhouse, the Dubai International Financial Centre (DIFC), just dropped a bombshell on the digital asset world. The DIFC has officially passed a new Digital Assets Law and Security Law, as well as amendments to existing legislation. And let's just say, they're not playing around. For those of you who aren't familiar with the DIFC, it's essentially a special economic zone within Dubai, running its own legal system. Think of it as a financial oasis that over 5,000 companies call home. So, what's the big deal with these new laws, you ask? Well, according to the DIFC Authority itself, the goal is to "keep pace with the rapid developments in international trade and financial markets" and "provide legal certainty for investors in, and users of, Digital Assets." But what exact changes did they introduce that could help the crypto market? [Read the full story](~/AAQRxQA~/RgRn2qogP0R6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZHViYWlzLXNwZWNpYWwtZWNvbm9taWMtem9uZS1kaWZjLXBhc3Nlcy1uZXctZGlnaXRhbC1hc3NldHMtbGF3P2xpZD1yaGVtb2U5Z3JvaGNXA3NwY0IKZe8gJfhlRLFAOVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   That's all for today's crypto roundup - more crypto news and insights coming soon!   [Apple Store](~/AAQRxQA~/RgRn2qogP0RLaHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MSZsaWQ9NXBid2l4bDc4eDFrVwNzcGNCCmXvICX4ZUSxQDlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [Google Play](~/AAQRxQA~/RgRn2qogP0RhaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVMmbGlkPXJ4bnhqOXlkbHNqMVcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Twitter](~/AAQRxQA~/RgRn2qogP0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD1obzVvbHI4OGU2d2NXA3NwY0IKZe8gJfhlRLFAOVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRn2qogP0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPW5nZXl4cWlpaWVqblcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRn2qogP0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPXd1MGs0bDhsZHNoc1cDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRn2qogP0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9aHAydnlvMnRkYmw4VwNzcGNCCmXvICX4ZUSxQDlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRn2qogP0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPXN5NGJydW15NXVlZlcDc3BjQgpl7yAl-GVEsUA5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) You were sent this message because you subscribed to CoinMarketCap. 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