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- Solana has overtaken Ethereum in protocol fee revenue, with Pump.Fun generating $294M year-to-date vs. Ethereum’s $249M.
- Pump.Fun now drives over 47% of Solana’s protocol revenue, becoming the ecosystem’s top-performing dApp for nine straight weeks.
- Solana hits a $75.9B market cap, fueled by low fees, high throughput, and viral platforms like Pump.Fun.
Solana has officially surpassed Ethereum in protocol fee generation thanks to the unexpected rise of a meme coin launch platform, Pump.Fun. According to recent data, Pump.Fun has generated a staggering $294 million in protocol fees so far this year, outpacing Ethereum’s $249 million over the same period.
Pump.Fun, a platform built on the Solana blockchain, allows users to launch meme coins quickly and easily. What started as a novelty has now evolved into a high-traffic, high-volume application. It has positioned itself as one of the most influential dApps in the SOL ecosystem. For nine consecutive weeks, Pump.Fun has led Ethereum in weekly fee revenue, marking a historic milestone in blockchain competition.
This development highlights Solana’s growing prominence in the crypto landscape. Its combination of low transaction fees, high-speed throughput, and scalability has made it a serious contender. It has positioned it against Ethereum’s long-standing dominance. Notably, over 47% of Solana’s total protocol revenue is now attributed to transactions on Pump.Fun, making it a central force in Solana’s recent momentum.
Industry experts are taking note of this trend. Blockchain analysts and community members alike have expressed both surprise and admiration for Pump.Fun’s meteoric rise. Many attribute its success to the efficient design of the Solana network, which enables fast, inexpensive transactions, key factors that appeal to developers, traders, and casual users alike.
“Over 47% of Solana’s revenue was driven by transactions on Pump.Fun, highlighting its critical role in the ecosystem,” remarked a blockchain analyst at Blockchain Insights. The platform’s dominance is a testament to how community-driven innovation and viral traction can transform a niche tool. It has become a core revenue driver as a result.
Solana Hits 75 Billion Market Cap as Web3 Momentum Builds
Solana’s broader market metrics reinforce its rising influence. According to CoinMarketCap, Solana (SOL) is currently trading at $ 146.39 with a 24-hour trading volume of $ 5.34B and a market cap of $ 75.91B. The SOL price increased 0.16% in the last 24 hours, reflecting growing investor confidence and sustained ecosystem activity.
What’s perhaps most remarkable is that Solana achieved this milestone just five years after launching its mainnet. In that short time, it has evolved from a promising Ethereum alternative into a thriving, self-sustaining ecosystem. The success of Pump.Fun cements Solana’s status not only as a fast and affordable blockchain but also as a platform that fosters real, scalable applications capable of driving meaningful value.
Moreover, as 2025 continues to unfold, the crypto industry may be witnessing the beginning of a larger shift. With Ethereum still grappling with scalability and fee issues, Solana’s rise is driven by viral apps like Pump.Fun. This signals a new chapter in the blockchain race. The coming months will reveal whether this momentum holds, but for now, Solana’s fee-driven dominance is rewriting the rules of engagement in Web3.
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