Solana’s Token Boom: Rapid Creation Outpaces Engagement

Solana continues to be a hub for new token launches, recording more than 200,000 creations last week. The activity is largely driven by the memecoin-focused launchpad pump.fun. However, this rapid expansion in token creation hasn’t translated into significant engagement or revenue generation on the network. Despite the influx of over 200,000 new tokens last week, most projects fail to generate meaningful trading activity after launch.