The Solana ecosystem is making a serious comeback. After some rocky months, Pump.fun just snatched back its crown as the top dog in fee production on Solana.

And get this, Solana’s apps are now pulling in 68% of all application revenues across blockchains.

Dominance

Since hitting a low in March, Solana’s economic engine has been revving up steadily. Whether you look at the numbers from one angle or another, Solana’s app revenues sit somewhere between 50% and 68% of the total market share.

That’s mostly thanks to token minting, DEX trading, and routing activity. The usual suspects leading the charge?

Meteora, Pump.fun, Jupiter, and a cast of characters like Raydium, Phantom wallet, BonkBot, and Trojan, all playing their part in the DEX hustle.

Now, don’t get me wrong, Solana’s revenue levels still haven’t hit the stratospheric highs of January, when weekly revenues peaked at $272 million.

But hey, after dropping to a low of $28 million, the current steady climb over the past two months is a sign of life, a sustainable recovery, if you will.

Quantity over quality?

Let’s talk about Pump.fun, the star of the show. This launchpad is cranking out over 35,000 tokens daily and raking in more than $2 million in fees every single day.

Sure, it’s lost a bit of its monopoly grip, with new launchpads trying to muscle in, but Pump.fun’s still the champ.

Between 10,000 and 14,000 addresses are busy minting tokens daily, a far cry from the 1,000 during the market’s slump.

Pump.fun is responsible for over 82% of new tokens on Solana, though most of these assets hover between $1,000 and $10,000 in value.

Over the last month, Solana has produced more than a million new tokens. That’s a lotta digital hustle.

What changed?

Pump.fun’s no longer keeping all the fees for itself. It’s sharing some of that pie with token creators and liquidity providers on PumpSwap, pumping cash back into the ecosystem.

Once seen as just a revenue extractor, Pump.fun’s now playing nice, helping the whole family grow.

Despite all this action, Solana’s native token, SOL, is chilling around $177 in the time of writing, while open interest hits a record $3.76 billion.

And those old Solana meme tokens, like BONK, WIF, POPCAT, they’re back, baby, with valuations climbing above $13 billion.

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