Pump.fun's share in Solana revenue has increased
In the first quarter of 2026, the Pump.fun platform remained the primary revenue source for the Solana network. According to a Messari report, the platform generated $124.7 million, accounting for more than one-third of the network's total $342.2 million in application revenue. Despite a decline in memecoin activity, this figure grew by 17% compared to the previous quarter. This is reported by Cointelegraph.com reports .
Trading applications have become the fastest-growing sector on the Solana network, with their revenue increasing by 40% to reach $79 million. Notably, the Axiom application became the second-largest project in the network with $42.4 million in revenue. Additionally, the Bags platform recorded a 1,347% growth due to the wave of AI-themed memecoins in January.
As noted by Solana Foundation President Lily Liu, memecoins are not the only hallmark of the network. Currently, major financial institutions such as BlackRock, Visa, and JPMorgan are expanding their presence in the Solana ecosystem in the areas of payments and tokenization. Specifically, the market capitalization of real-world assets (RWA) on the network grew by 43%, exceeding $2 billion.
In the DeFi sector, the total value locked (TVL) decreased by 22% to $6.16 billion; however, analysts attribute this not to user attrition, but to a 33% drop in the price of SOL. In the infrastructure sector, the Agave 4.1 update plans to reduce transaction speeds to 150 milliseconds.
