Pump.fun Reclaims 90% Dominance on Solana But Now Faces a New War With Base
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- Solana network reaches 100,000 TPS milestone in stress testing.
- Pump.fun saw $800M lifetime revenue and regained 90% launchpad dominance.
- Base overtakes Solana in daily meme coin launches with 58,000 tokens.
Solana recently reached a key milestone, reaching 100,000 transactions per second (TPS), according to CoinMarketCap. The result, achieved during stress testing, asserts Solana’s claim as one of the fastest in the industry.
Despite this impressive technical feat, key on-chain metrics for the ecosystem showed a decline. Solana’s ecosystem market capitalization fell 6.35% to $247.52 billion, and its 24-hour trading volume dropped 13.83% to $20.59 billion.
Pump.fun Regains Market Leadership
Interestingly, Pump.fun’s recovery highlights the week for Solana’s ecosystem. The network’s leading meme coin launchpad, after facing brief competition from LetsBonk, reclaimed 90% of launchpad activity, restoring its dominance.
Data shows Pump.fun has generated more than $800 million in lifetime revenue since its launch, largel…
The post Pump.fun Reclaims 90% Dominance on Solana But Now Faces a New War With Base appeared first on Coin Edition.
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