PUMP

Data: Solana's total application revenue in Q1 reached 1.2 billion USD, with Pump.Fun leading at 257 million USD

ChainCatcher news, according to News.bitcoin, Messari's "Q1 2025 Solana Status Report" shows that in the first quarter of this year, the Solana blockchain achieved its strongest performance in 12 months, with total revenue increasing by about 20% from $970.5 million in the previous quarter to $1.2 billion. January was particularly noteworthy, accounting for nearly 60% of the total revenue for the quarter.The popular memecoin issuance platform Pump.Fun topped all applications with $257 million in revenue, followed by Phantom with $164 million. Photon ranked third with revenue reaching $122 million (a 13% increase); Bullx ranked fourth with revenue of $87 million (a 19% increase). Jupiter ranked fifth with revenue of $80 million (a 79% increase).At the same time, the report indicated that the total value locked (TVL) in DeFi on Solana (in USD) decreased by 64% to $6.6 billion. Meanwhile, the market capitalization of stablecoins on Solana surged by 145% to $12.5 billion, primarily due to the launch of the Trump memecoin on January 17. The market capitalization of the USDC stablecoin increased by 148% to $9.7 billion. Its market cap is four times that of its main competitor USDT, which grew by 154% to $2.3 billion. During this period, the average transaction fee decreased by 24% to 0.000189 SOL ($0.04), while the median transaction fee fell by 7% to 0.000008 SOL ($0.0015).
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