Meanwhile, analysts believe that approval of spot Solana ETFs in the U.S. is unlikely under the current administration.

Users are growing increasingly frustrated with the rollercoaster price action of memecoins on the leading Solana-based launchpad platform.

PYUSD’s market cap is up 97% in the last 30 days.

A Discord alert triggered core contributors to quickly push out a fix this week.

The memecoin launchpad will also pay out 0.5 SOL to coin creators when tokens successfully migrate to Raydium.

SOL has outperformed in recent days, with the SOL/ETH ratio hitting an all-time high.

SOL/ETH is at all-time highs in spite of the recent Ethereum ETF.

Solana’s DEXs processed $54 billion of trading volume in July, while Ethereum’s DEXs did $52 billion.

Fed chair Powell said that the central bank could consider lowering rates at its next meeting in September.

Four steps and users can launch their memecoins on makenow.meme.