Solana Network Congestion Hits Meme Coins and Indices Market

By: Eva Baxter

The Solana network has recently faced congestion issues causing a notable slip in the value of its associated meme coins. Developers are reportedly working hard to resolve these network issues. Moreover, GMCI, a well-known indices provider, introduced a Meme Coin and Layer 2 Index Perpetuals in partnership with Wintermute. Notable cryptocurrencies like SHIB, PEPE, and DOGE are included in the Meme Index, while the Layer 2 Index focuses on leading blockchain scaling tokens such as MATIC, IMX, and OP.

For more information about Solana and its network issues, please visit solana.com. Further details about GMCI's Meme and L2 Indices can be found on gmci.com.