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SOL Solana Network's token issuance volume hits a record high, surpassing the peak of the memecoin boom at the end of 2024.
Solana Network's daily token issuance volume has reached a record high, surpassing the number of new coins issued at the peak of the Memecoin cycle in late 2024.
According to Solscan data, more than 263,000 new Solana Library (SPL) tokens were minted on the Solana blockchain on Wednesday, marking this new record. In contrast, at the peak of the memein cycle in December 2024, Solana issued only about 40,000 to 50,000 tokens per day.
According to Blockworks 'data dashboard, among the total 40,360 tokens issued through the Launchpad, the memin platform Pump.fun accounted for the vast majority, totaling 34,184. Launching the platform allows creators to easily design, publish and trade memeins without having deep technical skills. They automate the token creation process and provide instant liquidity and exposure for new tokens.
Pump.fun's revenue performance was strong, accounting for one-third of Solana's total revenue in the first quarter.
According to DefiLlama, Pump.fun became the revenue leader in Solana's original agreement with daily revenue of US$1.8 million. On Friday, Pump.fun's daily revenue was briefly surpassed by Fomo, a trading app that combines cryptocurrency trading with social features similar to social media streaming.
Despite the cooling in memecoin activity, Pump.fun still contributed one-third of Solana's total revenue in the first quarter of 2026, or Pump.fun monopolized US$124 million of the total revenue of US$342 million.
