-
Solana network reaches 100,000-TPS milestone in stress tests.
-
Pump.fun reported $800M in lifetime revenue, and regained 90% of launchpad dominance.
-
Base surpasses Solana with 58,000 tokens in daily meme coin launch.
According to CoinMarketCap, Solana has recently reached a major milestone by reaching 100,000 transactions per seconds (TPS). The result, which was achieved during stress tests, confirms Solana’s claim to be one of the fastest in industry.
Despite this impressive technological feat, key metrics on-chain for the ecosystem showed that it was declining. Solana’s ecosystem capitalization dropped 6.35%, to $247.52 Billion. Its 24-hour trading volume also fell 13.83%, to $20.59 Billion.
Pump.fun Retains Market Leadership
The recovery of Pump.fun highlights the week in Solana’s eco-system. After a brief competition with LetsBonk’s launchpad, the network’s most popular meme coin launchpad regained 90% of launchpad activities, restoring its dominant position.
Related:Pump.fun Price Prediction: Will PUMP Hold $0.00330 support or extend towards $0.00310 on August 17, 2025?
Data shows that Pump.fun generated more than $820 million in lifetime revenue, largely due to its 1% swap charge on transactions.
Currently, the platform is earning more than $1,000,000 per day. This is a rebound from earlier this year when revenue dropped from $7,000,000 per day during the meme coin boom in January to approximately $200,000. Despite these metrics Pump.fun token is currently trading at $0.00296, a 22% drop in the last week.
The platform, which has grown rapidly in recent years, also made headlines when it raised 600 million dollars in 12 minutes at an initial coin offering last month. Pump.fun launched a buyback at a premium over market prices to support its newly-issued token.
LetsBonk – a meme coin launchpad supported by the Bonk community – briefly surpassed Pump.fun last month in terms of the number “graduated” tokens. The platform was unable to maintain its momentum. The daily revenue dropped from around $1 million earlier in the month to below $30,000
Base surpasses Solana for Meme Coin Activity
It’s interesting to note that, while Pump.fun’s recovery boosted Solana’s meme coin ecosystem, the sector is now seeing new competition. Base, a Coinbase product, has surpassed Solana to become the leading network for launching meme coins.
Base recorded 57.970 new tokens on Monday, compared with 32.760 on Solana. Base’s integration of Zora with its decentralized social platform, which allows posts to be minted into ERC-20 tokens and combines token trading with social media engagement, has boosted the surge.
Solana ecosystem continues to grow. Wyoming announced that its FRNT stablecoin will be launched on Solana, as well as six other blockchains. However, public access has not yet been granted.
Related Pump.fun Launches the “Glass Full Foundation” in order to fund its top Memecoins and Sparks Rally
Marinade Finance, an staking platform based in Solana, has approved a buyback program of $5 million per year, signaling the continued development of the decentralized finance industry.
This site is for entertainment only. Click here to read more
