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Ritika Gupta

Solana closes 2025 as weakest performer but leads L1 TPS as memecoins surge into 2026

As 2026 begins, Solana's SOL token sits in contrast to its network performance, having dropped 34.16% in 2025 while still leading Layer 1 rivals in transactions per second and on-chain activity. At the same time, Solana's memecoin ecosystem, anchored by BONK and major launchpads, has seen market cap and volumes climb sharply, raising the question of whether price can finally realign with fundamentals in the new cycle.