Poodlana: The Top Solana Meme Coin of Q3/Q4

Watching markets and surges or declines in market activity is the easiest way to spot value gaps. During this cycle, the bulk of economic activity

Solana (SOL) has taken center stage this bull cycle, attracting massive retail attention and boasting impressive metrics. While major cryptocurrencies have been lagging behind, Solana's total value locked (TVL) has continued to climb relentlessly. This bodes well for SOL price action in the coming months.

As a brief refresher, TVL refers to the total amount of cryptocurrency that users have deposited into various decentralized finance (DeFi) protocols. This metric serves as a key indicator of the level of activity and engagement within the DeFi ecosystem.

Naturally, investors are always seeking the best high-time frame indicators to gauge future growth potential. Among the available metrics, TVL stands out for its significance. This is because users only lock their capital in smart contracts when they have a high degree of conviction in the underlying protocols. In other words, substantial capital deposits into DeFi protocols indicate strong bullish sentiment among investors.

While some traders may be focusing on Cboe's recent decision to withdraw the 19b04 forms for a spot Solana ETF application, truly "smart money" is paying close attention to the on-chain pulse. This pulse is beating strongly in Solana's favor.

notable growth in more typical DeFi protocolsJupiter, a trading aggregator, and Kamino, a lending protocol, are among the more noteworthy projects that have seen substantial growth. Additionally, the booming development of liquidity staking protocols, such as Lido (LD0) and StaFi (FIS), is also contributing to a better fundamental base for the next expansionary move upward.

Solana has also seen the growth of several meme coins, but this is to be expected. However, the growth of more typical DeFi protocols is a crucial factor in this analysis. As more DeFi protocols launch and gain traction on Solana, it bodes well for SOL price action.

TVL is the core health metric for layer-1 blockchains, and more DeFi activity means more SOL buy pressure. Price is a lagging indicator, and when it begins to catch up to Solana fundamentals, investors holding meme coins like POODL will benefit greatly from the green candles.

Solana became ground zero for meme coin activity

There is one simple reason why Solana became the king of meme coins: It demonstrated better product-market fit than other layer-1 cryptos. Most retail investors do not care about decentralization or multiple clients — they want fast and cheap transactions, and Solana delivered.

Another notable aspect of Solana's success is the budding relationships between core developers and application layer builders — something that Ethereum lacks. Going forward, we can expect to see these trends compound rather than reverse.

Poodlana is ready to skyrocket

Poodlana has gone from strength to strength in recent weeks and fully deserves its title as a potential top Solana meme coin. Following a massive $8 million presale, it launched on Raydium and has already been listed on MEXC and BingX. These centralized exchange listings turbocharge market accessibility and could unlock millions, if not billions, in potential buy pressure.

But Poodlana did well by breaking away from the crowd. The meme coin arena is saturated with low-effort tokens, thanks to platforms like Pumpfun removing barriers to token creation. More than one million tokens have launched to date, and standing out from the crowd is the most significant hurdle any meme coin faces.

Poodlana went against standard wisdom and branded itself as a high-end token. It doubled down on glamour and fashion. Guess what? Markets were hungry for a new caliber of meme coin, and POODL filled this niche. Its rise is nearly symmetrical to that of Solana.

Poodlana had the best product-market fit for investors who demanded more from their meme coins and surged as a result. When SOL price action matches its TVL metrics, expect POODL to start another aggressive upward trend. If you are bullish on SOL this cycle, you should be ultra-bullish on POODL. It trades in the same direction but with a multiplier, and it is no hyperbole to call it a top Solana meme coin of Q3/ Q4.

For more details, visit the Poodlana website.

The above is the detailed content of Poodlana: The Top Solana Meme Coin of Q3/Q4. For more information, please follow other related articles on the PHP Chinese website!