The Wintermute report shows that Solana's on-chain transaction volume increased by 50% to $51 billion, surpassing Ethereum's $46 billion. At the same time, Memecoin's influence on Solana is also increasing. 40% of Solana's transaction volume comes from Memecoins, of which pumpdotfun accounts for 35% of the total Solana DEX transaction volume.