- Pump.fun’s new creator payment model boosts income, surpassing Hyperliquid over the final 24 hours.
- SPL tokens created on Wednesday hit the highest degree since mid-August, indicating a rise in meme coins on the community.
- Circle mints one other 250 million USDC on Solana, boosting the community’s liquidity.
Meme coins based mostly on the Solana ecosystem are warming up, with Pump.enjoyable (PUMP) changing into the prime revenue-generating protocol in the crypto market, now solely behind stablecoin issuers like Tether and Circle, underpinned by its new creator payment model. The new Solana Program Library (SPL) tokens created on Solana (SOL), alongside the liquidity enhance offered by Circle’s USDC stablecoin, might add gas to the resurging demand for Solana-based meme coins.
Pump.enjoyable rewires demand for Solana-based meme coins
Pump.enjoyable, the Solana-based meme coin launchpad, launched its new dynamic payment model to spice up the creator economic system. The model reduces the creator payment on the platform to 0.05% from the earlier 0.95% excessive, offered the undertaking achieves a market cap of 98,240 SOL.
With the new dynamic model, creators have earned over $2.4 million in the preliminary 24 hours.
Moreover, Pump.enjoyable has change into the prime revenue-generating software over the final 24 hours, with $2.55 million, outpacing Hyperliquid (HYPE), a decentralized alternate.
Protocol rating by income. Supply: DeFiLlama
Notably, the Solana-based TROLL meme coin has reached a milestone by securing unique worldwide Mental Property (IP) rights for the in style Trollface meme after a high-value take care of creator Carlos Ramirez, together with a royalty of 11%. The deal has sparked a double-digit rise in the TROLL spot worth.
The revival of Solana-based meme coins might end in the second wave of momentum for the Solana community and its native token SOL.
Meme coins warmth up the Solana community
The variety of SPL tokens created on the Solana community reached 48,081 on Wednesday, the highest quantity since August 13, suggesting elevated exercise.
New SPL Tokens. Supply: SolScan
Moreover, DeFiLlama exhibits the Complete Worth Locked (TVL) on Solana at $11.579 billion, inching nearer to the file excessive of $11.989 billion set in January.
Solana TVL. Supply: DeFiLlama
The liquidity enhance on Solana is underpinned by an rising stablecoin market capitalization reaching $12.267 billion, out of which Circle’s USDC dominates 69.40% following the latest mint of 250 million USDC on Wednesday.
