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Solana’s decentralized application (dApp) ecosystem reached new heights in November 2024, with to unprecedented levels. The blockchain itself generated $92 million, while Solana-based dApps achieved an all-time high of $365 million. This explosive growth highlights the increasing adoption and profitability of Solana’s ecosystem.

LetBONK.fun, a memecoin launchpad on the Solana (SOL) network, has surpassed its rival Pump.fun in the overall 24-hour revenue. According to market data from defillama, letsBONK.fun generated $1.04 million in daily revenue, nearly doubling the $533,412 brought in by the long-time incumbent, Pump.fun.

Solana recently reached a key milestone, reaching 100,000 transactions per second (TPS), to CoinMarketCap. The result, achieved during stress testing, asserts Solana’s claim as one of the fastest in the industry.

Solana Labs CEO Anatoly Yakovenko has stirred controversy after labeling non-fungible tokens (NFTs) and memecoins as “digital slop.” The comment came during an ongoing debate over the value of digital assets and has prompted sharp reactions across the crypto community.

Solana recently reached a key milestone, reaching 100,000 transactions per second (TPS), to CoinMarketCap. The result, achieved during stress testing, asserts Solana’s claim as one of the fastest in the industry.

The rising calls for a 2025 altseason have increased the speculation for Solana (SOL)-based memecoins. In the past 24 hours, the Solana-based memecoins added 5.1% in market capitalization to hover about $15.57 billion on Tuesday, July 22.

Accelerate, a new Solana treasury initiative whose CEO is Joe McCann (also CEO and founder of Asymmetric), seeks $1.51 billion to acquire 7.32 million SOL tokens.

Pantera Capital is orchestrating one of the largest single institutional bids for Solana to date, with sources reporting that founder Dan Morehead is leading a capital raise of up to $1.25 billion.

Crypto heavyweights Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly planning to raise $1 billion to create a new SOL treasury. The plan, which is said to be in its advanced stages, is focused on accumulating Solana (SOL) tokens by acquiring and restructuring a publicly traded company.

The Sui ecosystem saw significant activity Wednesday following the high-profile listing of DeepBook’s native token, DEEP, on Upbit, South Korea’s premier exchange.

Solana, a leading Layer 1 blockchain network, is set to redefine the gaming experience by capitalizing on the half-trillion-dollar gaming industry. By introducing games with immersive gameplay, it allows players to earn digital assets while playing their favorite games.

Solana Labs the release of Saga, its flagship Android phone, on Tuesday. Per Solana Labs, the smartphone has been designed to bring blockchain technology to users worldwide and is now available for purchase and shipping to several countries, including the U.S., Canada, EU, United Kingdom, Switzerland, Australia, and New Zealand. Solana Lab’s official Twitter account tweeted:

Solana’s decentralized application (dApp) ecosystem reached new heights in November 2024, with to unprecedented levels. The blockchain itself generated $92 million, while Solana-based dApps achieved an all-time high of $365 million. This explosive growth highlights the increasing adoption and profitability of Solana’s ecosystem.

Austin Federa, a strategist at the Solana Foundation, recently offered insights into Solana’s future on a video shared by .

Several warning signs are emerging for Solana (SOL), as a combination of on-chain whale behavior, regulatory headwinds, and a bearish technical setup create a cautious short-term outlook for the asset. The developments come after SOL has already experienced a notable price pullback.

Solana Labs the release of Saga, its flagship Android phone, on Tuesday. Per Solana Labs, the smartphone has been designed to bring blockchain technology to users worldwide and is now available for purchase and shipping to several countries, including the U.S., Canada, EU, United Kingdom, Switzerland, Australia, and New Zealand. Solana Lab’s official Twitter account tweeted:

Pump.fun’s long-standing dominance over the Solana memecoin market is facing its first serious challenge, with new on-chain data showing its market share has fallen below 60% for the first time.

Solana recently reached a key milestone, reaching 100,000 transactions per second (TPS), to CoinMarketCap. The result, achieved during stress testing, asserts Solana’s claim as one of the fastest in the industry.

Solana Labs CEO Anatoly Yakovenko has stirred controversy after labeling non-fungible tokens (NFTs) and memecoins as “digital slop.” The comment came during an ongoing debate over the value of digital assets and has prompted sharp reactions across the crypto community.

The rising calls for a 2025 altseason have increased the speculation for Solana (SOL)-based memecoins. In the past 24 hours, the Solana-based memecoins added 5.1% in market capitalization to hover about $15.57 billion on Tuesday, July 22.