The Solana network reached an all-time high in daily token issuance, surpassing the volume of new coins recorded during the peak of the memecoin cycle in late 2024. According to Solscan data, more than 263,000 new Solana Program Library (SPL) tokens were minted on the blockchain on Wednesday.
By comparison, approximately 40,000 to 50,000 daily tokens were issued on Solana at the height of the memecoin cycle in December 2024. Out of the 40,360 tokens issued through launchpads on the recent record day, the memecoin platform Pump.fun accounted for the vast majority with 34,184 coins, according to Blockworks’ dashboard.
Launchpads allow creators to design, launch, and trade tokens without requiring extensive technical knowledge by automating the creation process and offering immediate liquidity and visibility.
DefiLlama data indicates that Pump.fun remains the leading Solana-native protocol by daily revenue, generating $1.8 million over a recent 24-hour period. The platform's daily revenue was briefly surpassed last Friday by Fomo, a trading app that integrates cryptocurrency trading with social media-style features. Additionally, Pump.fun accounted for one-third of Solana's first-quarter revenue in 2026, bringing in $124 million out of a total $342 million despite periods of cooling memecoin activity.
