Solana Breaks Revenue Records, Fueled by Memecoin Boom

Solana is experiencing a significant resurgence in the crypto market, with revenue exceeding $1.2 billion for Q1 2025, according to new data from Messari. This marks the blockchain’s best quarter in over a year and signals a major comeback. The surge is fueled by memecoin activity, with Pump.fun, a launch platform for memecoins, driving much of the growth. It generated $257 million in revenue during Q1 alone, surpassing even Phantom, the popular Solana wallet, which brought in $164 million.