After being written off after its March slump, Solana is printing revenue thanks to Solana meme coins and apps like Pumpfun and Kamino Finance.

The ecosystem looks more alive than it has in months. Here’s where the Solana price, Pumpfun, and SOL meme coins are headed next.

(CoinGecko)

Pump.fun and Solana Meme Coins Still Leading Solana’s Revenue Game

No protocol on Solana is printing fees like Pump.fun. With tens of thousands of tokens launched daily and revenue pushing $2 million per day, the platform has cemented itself as the go-to meme factory. Yet it’s no longer a one-way street.

On May 12, Pump.fun launched a new revenue-sharing model, giving token creators and LPs a slice of the action through PumpSwap.

“Creators can now earn 0.05% of trading volume on Solana (SOL) through PumpSwap,” the platform announced.

This fee-sharing mechanism has already proven impactful. Based on April’s trading volume of $14.6 billion, the system could have delivered $7.3 million in rewards to creators.

Rewards are immediately claimable on-chain, adding value to the ecosystem by incentivizing token creation and liquidity.

Solana’s Economic Recovery Since March

Solana’s revenue is climbing back from the March slump, now averaging over $1 million a day—still short of January’s $272 million high, but clearly moving in the right direction. In addition to Pump.fun and Solana memecoins, the rebound is being driven by Raydium, Phantom, and BonkBot.

SOL remains relatively unmoved, hovering at $177.44. But with open interest reaching $3.76 billion, traders are loading up—quietly betting the real move hasn’t hit yet.

Support and Resistance Levels:

  • Support: The critical support range lies between $175 and $177, which aligns with recent consolidation trends.
  • Resistance: The next major hurdle sits at $183, which could unlock further bullish momentum if surpassed.

What Crypto to Buy Right Now? Solana Meme Coins Like New SOLX Closing in On $40m Raised

If you’re looking for another SOL project primed with rocket fuel, Solaxy’s ($SOLX) presale is catching fire.

With 20 days to go before launch, the first Solana Layer-2 is closing in on $41 million raised—$1.5 million of that in the past 72 hours.

Touted as Solana’s best shot at real scalability, $SOLX is being billed as more than hype. It’s infrastructure. The kind that could keep network congestion from tanking user experience during the next cycle.

($SOLX)

Crypto influencers and early whales are calling it a breakout bet. Whether it hits 100x or not, Solaxy is shaping up to be one of the most-watched launches of the year.

Solaxy’s cross-chain bridge with Ethereum is another draw for this new presale. This feature lets developers tap Ethereum’s liquidity while enjoying Solana’s low fees and fast speeds.

On the investment side, the staking app is pulling serious weight with its 322% APY and more than 3.48 billion SOLX tokens locked away. This activity may help keep prices steadier in the long run.

You Don’t Need to Sell Your Soul to Make it With SOL. VISIT SOLX Here

EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

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Key Takeaways

  • After being written off after its March slump, Solana is printing revenue thanks to Solana meme coins and apps like Pumpfun and Kamino Finance.
  • Closing in on $40 million with $250,000 rolling in daily, the $SOLX presale shows no signs of slowing.

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Isaiah Mccall
Isaiah Mccall
99BTC Japan Correspondent

Isaiah McCall is an ultramarathon runner and Japan Correspondent for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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