Pump.fun leads revenue surge as Solana has best quarter in 12 months

In the first quarter of 2025, Solana’s revenue hit $1.2 billion, with January driving close to 60% of that total. Pump.fun led with $257 million, outperforming competitors as speculation increased with the TRUMP token launch.

Despite a 64% drop in DeFi total value locked to $6.6 billion, Solana’s stablecoin market capitalization soared 145% to $12.5 billion, mainly due to the TRUMP token launch, highlighting strong liquidity and trading activity.

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