This week on Crypto Twitter: BONK simply won’t quit.

A week later, BONK is still on top.

But as improbable as it may seem, the dog-themed Solana meme coin has spent another week dominating the heated conversation on Crypto Twitter, after showing no signs of letting up on its weeks-long monster ride. The coin has increased by 796% in the last month CoinGecko.

After going out to a new one All time high This week, and past market capitalization. 1 billion dollars (Since yesterday, the coin's market value has doubled to $1.758 billion), BONK received an additional injection of momentum after smart Solana users realized that BONK comes with the purchase of a Solana Saga smartphone. Now more valuable Instead of the asking price of the phone.

With BONK's enduring success now spawning several other projects in the Solana ecosystem, Twitter users have redoubled their fervor and strong support for the seemingly miraculous dog-themed token.

“It's not just a meme anymore,” said Richard Wu, founder of the Solana NFT marketplace. Tensor, posted on Friday. “This is religion.”

The Solana community has taken several victory laps regarding BONK this week, citing the coin's success as the latest installment in Solana's dominance over other blockchains.

Other Solana users went so far as to exclaim that BONK “didn't just save Solana” at this point. From FTX“And the Solana Saga Phone” was “sold” among other exploits; They claim (perhaps jokingly) that they have destroyed many rival Layer-2 blockchains with the raw power of power.

BONK is powerful these days; But maybe not that powerful. On Friday, Ethereum scaling blockchain Arbitrum It's dark Following a significant increase in network activity for over an hour. As it turns out, Arbitrum was only the last layer-2 blockchain to suffer at the hands of users in an expensive experiment. It seems repetitive and network closure articles.

Some blockchain developers have expressed dismay at the development, and the fact that such so-called fledgling transactions could disrupt even some of crypto's largest blockchains — the up-and-coming Solana.

Edited by Ryan Ozawa.