Most new tokens now launch on Solana, led by pump.fun
Solana is actively releasing meme tokens
The Solana blockchain is increasingly becoming the go-to platform for launching new projects. Last week alone, 181,000 new tokens were created on Solana.
According to The Block, around 89% of all new tokens are now launched on the Solana blockchain. Many of these are meme tokens, which are often created using the pump.fun platform.
Pump.fun is popular among users due to its well-developed infrastructure, which simplifies the process of launching meme tokens.
Why Solana is so popular
Recently, Solana has emerged as one of the most sought-after blockchain platforms for token creation, particularly for meme tokens. Its primary advantages are high throughput and low transaction fees.
Solana can process up to 65,000 transactions per second, making it one of the fastest platforms on the market. This is especially important for meme tokens, which often experience speculative trading and require rapid processing of a massive number of transactions without delays.
Additionally, Solana uses a unique Proof-of-History (PoH) consensus mechanism, which ensures low fees regardless of network activity. This accessibility allows smaller developers to create tokens without significant costs.
The daily DEX volume on Solana has exceeded $5 billion for three consecutive days.
