Today’s episode has some interesting twists and turns. Network activity on Solana surpassed Ethereum over the weekend as a memecoin frenzy hits the network. Despite significant risks, traders sent over $100 million of SOL tokens to various memecoin projects. Bitcoin’s price has bounced back following a bull market correction of 12%, and Coinbase’s Ethereum layer-2 network, Base, sees a massive transaction spike following the Dencun hard fork.

Further reading:

• Solana activity flips Ethereum amid memecoin craze, even as txs fail
• Memecoin presales hit ‘peak degeneracy’ with over $100M raised in 3 days
• Bitcoin traders eye $60K BTC price support as ‘huge’ futures gap opens
• Base surges to 2M daily transactions following Dencun upgrade
• Arbitrum whales move $58M into exchanges after token unlock
• Starbucks says its NFT rewards program must come to an end

So, grab yourself a coffee, and let’s get into it!

This episode of Rise’n’Crypto is brought to you by Cointelegraph and is hosted by Gareth Jenkinson. You can follow Gareth on Twitter.

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
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