The frenzy of on-chain speculation continues to heat up, with old meme coins and new algorithmic stablecoins dancing together.

May 10th Market rebound drives continued on-chain activity growth. In the Solana ecosystem, OG meme coins TROLL and GIGA notched sharp gains, while Ethereum’s spotlight remains on tokens leveraging the Hook mechanism. Per GMGN data: - TROLL jumped 81.2% in the past 24 hours, with a market cap of $83.9M; - GIGA saw a 49.8% 24-hour surge, with a market cap of $37.13M; Meanwhile, Ethereum’s mainnet buzzes around Hook mechanism tokens. Among these, newly launched LOOP quickly hit a $3M market cap before retreating to $2.55M. Notably, its key innovation lets users lend out idle ETH from Uniswap V4 liquidity pools—ETH previously only used as trading capital. Leading token SATO neared its all-time high this morning, now with a $28.59M market cap and a 21.14% 24-hour gain.