In a stunning flip of occasions, Solana (SOL), recognized for its excessive efficiency and velocity in executing transactions, has surpassed Ethereum in month-to-month income for the primary time. SOL, presently valued at $230, generated a income of over $116 million in the previous month, outperforming Ethereum’s $107 million earnings. This marks a big milestone for Solana, on condition that the community solely generated about $6 million in January 2024, in comparison with Ethereum’s $179.6 million earnings throughout the identical interval.
Solana’s spectacular efficiency, up by roughly 96% from its December 2024 income of $59 million, could be attributed to a number of elements. Amongst these, the surge in Decentralized Finance (DeFi) actions and the launch of President Donald Trump’s memecoin on the Solana blockchain have had a big affect.
On January 17, 2025, President Trump launched the $Trump memecoin on the Solana blockchain. The coin, which began underneath $10, soared by over 300% to achieve its peak worth of $72 per token, with a staggering $15 billion market cap. The $Trump launch additionally led to a 19% improve in the worth of SOL, pushing it to $295.3.
The launch of one other memecoin by the Trump household, the $Melania token, additional boosted community exercise. Though it led to some diversion of funds from the $Trump meme, it didn’t dampen the general progress trajectory of Solana.
Regardless of the present buying and selling worth of $Trump standing at $24, down considerably from its all-time excessive, it stays over 500% greater than its launch worth with a day by day quantity of over $2 billion. This has led to an unprecedented 70% improve in stablecoin provide as new customers and cash have flowed into the Solana blockchain. It’s now the third-largest blockchain in phrases of stablecoin liquidity.
Bitcoin, the flagship cryptocurrency, additionally loved a lift from the Trump hype, hitting an all-time excessive of $109,071 following his inauguration.
Including to Solana’s success story is Pump.enjoyable, the most important platform for launching memecoins. The platform has been instrumental to Solana’s meteoric rise throughout this cycle. Pump.enjoyable hit an all-time income of over $493 million and on January 30, 2025, it recorded a buying and selling quantity of about $295 million.
Following the profitable $Trump launch, over 6,000 tokens named “Trump” had been launched on Pump.enjoyable. Prior to now 30 days, Pump.enjoyable has generated $116.72 million in income, narrowly beating Solana’s income over the identical interval by over $260,000.
Whereas Ethereum skilled a 39% lower in income, Solana’s 2025 has been off to a bullish begin. The rising curiosity and investments in DeFi and memecoins, notably these related to fashionable figures equivalent to President Trump, have considerably contributed to Solana’s spectacular efficiency. With these developments, Solana has firmly established itself as a critical contender in the crypto market, difficult Ethereum’s long-standing dominance.
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