Solana's Income Dramatically Drops by 93% as Mania over Meme Coins Wanes
===============================================================
Solana, the high-performance blockchain network, is currently experiencing robust growth across multiple sectors, with a focus on sustainable strategies for long-term success.
Solana's Network Revenue Highlights
In the first half of 2025, Solana DApps generated a record $1.6 billion in revenue, marking a significant increase from H1 2024. Notably, memecoin activity now accounts for 62% of Solana DApps' monthly revenue, driven by the network's low fees and easy memecoin creation tools.
One of the standout memecoin DApps on Solana is Pump.fun, which has contributed up to 80% of the network's total fees but has seen earnings collapse by 95%. Despite this, Pump.fun is evolving rapidly, aiming to compete with major social media platforms.
Solana's network revenue has also seen a 44% increase in fees collected recently, reaching $7.68 million monthly, with transaction counts and active addresses significantly outstripping other major chains. The network's consistent uptime and very low transaction fees support this high throughput and user activity.
DePIN: Solana's Focus on Real-World Infrastructure
One of the key highlights for Solana is the adoption of Decentralized Physical Infrastructure Networks (DePIN). In 2025, DePINs on Solana have surpassed $3 million in cumulative on-chain revenue, with 9 of the last 20 DePIN projects with market caps above $10 million. Solana has outpaced Ethereum in this space, boasting over 2.3 million connected devices and increasing developer contributions since early 2023.
Solana's Future Beyond Memecoins
While memecoins have driven short-term revenue highs, Solana is positioning itself as the leading blockchain for decentralized physical infrastructure. DApps like Pump.fun are evolving from simple token launchers into platforms rivaling traditional social media and content ecosystems, indicating a strategic push into broader social, entertainment, and possibly Web3 infrastructure sectors beyond memecoins.
The ecosystem's emphasis on developer growth, network reliability, and low fees aims to sustain diverse application growth in sectors such as gaming, finance, and decentralized infrastructure.
Sophia Panel: A Blockchain Expert
Sophia Panel, a well-known figure in the blockchain industry, holds a Master's degree in Digital Marketing from the Indian Institute of Management (IIM) and has completed a Google SEO Specialist Certificate Program. She has a background in blockchain, working as a Content Strategist at Polygon, a Journalist at WazirX Insights, and a Digital Marketing Specialist at Local SEO India. She can be found on various social media platforms, including Facebook, YouTube, Twitter, and Medium.
The State of Other Cryptocurrencies
Former U.S. President Donald Trump's TRUMP token on Solana has fallen 86% from its peak, while Bitcoin (BTC) has dipped below $76,600, causing selling pressure across altcoins, including Solana (SOL), which has fallen 58% from its all-time high.
Meanwhile, BitMine has surpassed $2 billion in Ethereum holdings, and the U.S. government has retained 198,000 BTC. The SEC is nearing approval of multiple spot cryptocurrency ETFs, and Truth Social has filed for a crypto ETF with the SEC, proposing Bitcoin and Ethereum ETFs.
Other Notable Mentions
The U.S. Congress has introduced a bill for a blockchain study within Veterans Affairs, Ruihe Smart has allocated HKD 80 million to embrace Web3 and crypto, and Tether is shifting focus to the U.S. institutional market. ChainCatcher has joined Alibaba Cloud, and the GENIUS Act has been signed for stablecoin regulation.
In Connecticut, state entities are prohibited from holding cryptocurrency, while Elon Musk's poll on a new political party has gained attention. Solana has increased its block size, and Trump has announced new tariffs.
Another token launched on Solana, MELANIA, has crashed 95% in seven weeks. Meanwhile, LFG has launched an AI Alpha pilot for meme-coin hunters, Zircuit has launched an AI trading engine for lightning-fast, cross-chain trading, and Miracle Chain has debuted with a fully operational blockchain infrastructure from day one.
As of mid-2025, Solana's network revenue is experiencing robust growth across multiple sectors, with a strong focus on sustainable, real-world infrastructure (DePIN) and expansive decentralized applications aiming beyond memecoins toward social and infrastructure platforms.
- Cryptocurrency news indicates a significant surge in Solana DApps' revenue, with memecoin activity accounting for 62% in the first half of 2025, driven by the network's low fees and easy memecoin creation tools.
- While the TRUMP token on Solana has dropped 86% from its peak, the SEC is nearing approval of multiple spot cryptocurrency ETFs, including one proposed by Truth Social, which includes Bitcoin and Ethereum.
- Solana's focus on real-world infrastructure, demonstrated by the adoption of Decentralized Physical Infrastructure Networks (DePIN), has led to a cumulative on-chain revenue of over $3 million, outpacing Ethereum's DePIN progress.
- Beyond the growth in memecoins, Solana is positioning itself as a leading blockchain for decentralized physical infrastructure, with DApps evolving to become platforms rivaling traditional social media and content ecosystems, moving into broader sectors such as Web3 infrastructure.
