Pump.fun accounts for over one-third of Solana’s Q1 revenue despite memecoin slowdown
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Pump.fun accounted for over one-third of Solana’s Q1 revenue despite a slowdown in memecoin activity.
- Axiom generated $42.4 million in Q1, making it the second‑largest revenue app on Solana as total trading‑app revenue rose 40% to $79 million.
- BlackRock’s BUIDL doubled to $525 million, helping push Solana’s real‑world‑asset market cap past $2 billion, up 43% in the quarter.
- Lily Liu said “Memecoins don’t define Solana” in an interview, underscoring the network’s broader focus beyond meme tokens.
- Alpenglow upgrade, slated for the Agave 4.1 release, aims to cut transaction finality from about 12.8 seconds to 150 milliseconds.
Why it matters: Developers and investors in Solana’s trading and RWA sectors see a combined $79 M revenue surge and a $525 M BUIDL boost, while DeFi protocols lose 22% of TVL as SOL price slides, prompting a push for faster finality via Alpenglow.
Ask SkimNews
