Popcat traded at $1.3220 on Monday, October 21, marking a 30,000% gain from its lows this year. This increase increased its market cap to $1.3 billion, making it the third largest Solana meme coin after Dogwifhat and Bonk.

Cat in a Dogs World rose to $0.01050, up 285% from the year’s low. The value of this token increased to $828 million, making it the fourth largest meme coin in the Solana ecosystem.

Smaller meme coins such as Fwog, Goatseus Maximus, Michi and Maneki have also experienced a big increase in the last few days.

This performance was reflected in higher trading volumes on Solana’s decentralized exchanges, which have now surpassed Ethereum. According to DeFi Llama data, volume on Solana DEXs increased by 41% in the last seven days, reaching $12.61 billion; Ethereum DEXs processed $8.7 billion worth of transactions.

Raydium maintained its position as the largest Solana DEX with $7.6 billion in token volume. Raydium was followed by Orca, Lifinity and Phoenix. Solana also surpassed Ethereum with $30.4 billion in monthly volume in October; Ethereum’s monthly volume was 26.5 billion dollars.

A similar trend has been observed in the perpetual futures market. Solana’s networks processed $4 billion in continuous futures transactions in the last seven days, while Ethereum’s volume was $2.83 billion. This month, Solana’s network processed $12 billion in perpetual futures; Ethereum’s volume was 7.9 billion dollars.

This strong performance is due to the popularity of Solana meme coins such as MEW and Popcat, which have led the recent gains.

According to CoinCarp data, these tokens have attracted more investors in recent months. It is stated that Popcat increased from 68,300 on September 21 to 77,750 investors, while Cat in a Dogs World also has 178,200 investors.

The daily chart shows that Popcat token is forming a bullish pennant chart pattern characterized by a long flagpole and triangle pattern. Additionally, it remains above the 50-day Exponential Moving Average.

The token may have a strong rally as it approaches the confluence of the triangle pattern. If this happens, the first target will be $1.5535, which represents its highest point on record. On the daily chart, MEW token made a strong bullish breakout, surpassing its June 24 high of $0.0087 and forming a cup and stem pattern at the top.

Cat in a Dogs World also broke above the 50-day moving average. More gains will be confirmed if it breaks above the high of $0.01047.