Solana sees a surge in on-chain volume and daily active addresses, with decentralized applications （dApps） like Raydium, Pump.Fun, and Jito emerging as top fee generators, highlighting the network’s growing ecosystem.
Points
- Solana experiences a surge in on-chain volume and daily active addresses, crossing 2 million.
- Raydium, Pump.Fun, and Jito emerge as the top fee generators on Solana.
- Raydium records $30 billion in trading volume in July, generating $65 million in fees.
- Pump.Fun facilitates the creation of over 1.5 million memecoins, generating $28 million in fees.
- Jito maintains its position as the top MEV protocol on Solana, generating significant MEV tips for validators.
Solana’s blockchain has experienced substantial growth in recent months, with a significant surge in on-chain volume and daily active addresses. According to data from The Block’s data dashboard, Solana’s daily active addresses recently crossed 2 million, driven by the increased activity of decentralized applications （dApps） on the network.
Among these dApps, Raydium has emerged as the leading fee generator on Solana. In July, the decentralized exchange （DEX） recorded $30 billion in trading volume, making it the second-largest DEX by volume after Uniswap. Raydium generated $65 million in fees during the same period, a significant increase from the $33 million recorded in June.
Pump.Fun, another popular dApp on Solana, has also seen remarkable growth. This platform, known for facilitating the creation of memecoins, has enabled the launch of over 1.5 million tokens since its inception in March 2024. The user-friendly interface and Solana’s low transaction costs have contributed to Pump.Fun’s success, generating $28 million in fees in July alone.
Within the maximal extractable value （MEV） niche, Jito has maintained its position as the top protocol on Solana. Jito’s off-chain blockspace auction system allows traders to submit transaction bundles with bids, improving transaction execution reliability. In July, Jito collected MEV tips totaling $36 million, a 26% increase from June. On July 28 alone, daily MEV tips surged to $3.2 million, making it the highest fee generator on Solana for that day.
It’s important to note that these fees represent the value paid through the MEV platform, not the revenue generated for Jito stakers. In July, Jito’s actual revenue was $1.4 million, highlighting the platform’s efficiency in generating significant value for validators.
解説
- Solana’s growing on-chain volume and daily active addresses underscore the network’s expanding ecosystem and the increasing popularity of its dApps.
- Raydium’s significant trading volume and fee generation highlight the platform’s role as a leading DEX on Solana, offering a robust alternative to other major DEXs like Uniswap.
- Pump.Fun’s ability to facilitate the creation of memecoins and generate substantial fees reflects the innovative use of Solana’s low-cost, high-speed blockchain for diverse applications.
- Jito’s position as the top MEV protocol on Solana and its substantial MEV tip generation demonstrate the network’s potential for advanced financial applications and improved transaction execution.
- Understanding the dynamics of fee generation and the contributions of leading dApps can provide valuable insights into Solana’s ecosystem and its potential for future growth.