Base Tokens Surge as Blockchain Activity Hits Record High Amid Memecoin and AI Rally

Daily Top Performer — Solana (SOL)

The S&P 500 fell 2.08% last week as the post-election rally faded after Fed Chair Powell signaled delayed rate cuts due to strong economic conditions and inflation. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.73%, with Bitcoin and Ether rising by 0.72% and 1.22%, respectively in the past 24 hours.

Today's top performer is SOL, which surged 11.1% following a surge in fees for Solana DApps amid memecoin mania and a rising SOL price.