Femifire

Solana Revenue Growth Driven by Memecoin Trading

In the first half of 2025, $SOL generated $1.6 billion in revenue, a nearly fourfold increase compared to the same period in 2024, primarily fueled by memecoin trading activity. Platforms like Pump. fun and PumpSwap led the growth, with LetsBonk emerging as a competitor, occasionally exceeding Pump. fun in daily revenue.

The Solana memecoin market has expanded significantly, reaching a $258 billion valuation, with major tokens including #BONK, DOGWIFHAT, and Fartcoin. Institutional interest has also grown, with Grayscale considering BONK for its investment portfolio in Q3 2025, leading to a 12% price increase.

However, not all token launches have been stable. In July 2025, Pump. fun $PUMP token raised $500 million but dropped 75% in value within a day, highlighting the volatility in the memecoin sector.

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