Degens were piling into Solana-based memecoins such as “Book of Meme” and “SNAP” as the network struggled to keep up with the surge of activity.
Source: https://cointelegraph.com/news/solana-activity-flips-ethereum-memecoin-frenzy
Solana activity flips Ethereum amid memecoin craze, even as txs fail
March 18, 2024
CoinTelegraph