Solana has had a past week of high onchain activity, and with it, several noteworthy milestones including a new record for token creation and new highs in tokenized equity adoption.
Solana dApps generated roughly $8 million in daily revenue on Sept. 11, their strongest day since October 2025.
Token Launches Reach New High
More than 1.49 million tokens launched on Solana over the past seven days, the highest weekly total in the network’s history. The weekly record included a new daily peak: more than 263,000 SPL tokens were minted on Wednesday.
That was far above the roughly 40,000 to 50,000 tokens created per day at the height of the memecoin cycle in December 2024.
Launchpads remain a major source of this issuance because they let creators design, release and begin trading tokens without building the underlying technical infrastructure themselves. These platforms streamline token creation while giving new assets immediate access to liquidity and an audience.
Pump.fun accounted for 34,184 of the 40,360 tokens issued through launchpads tracked by Blockworks. Its role extends beyond token creation: DefiLlama data showed Pump.fun leading Solana-native protocols with $1.8 million in revenue over the previous 24 hours, although social trading app Fomo briefly moved ahead of it last Friday.
Jaden Parsons
Pump.fun also generated $124 million in the first quarter of 2026, representing more than one-third of Solana’s $342 million in total revenue for the period. That contribution remained substantial even as memecoin activity cooled, showing how launchpad economics continue to influence the network’s broader revenue and application activity.
Tokenized Equities Add Another Use Case
Tokenized equity holders on Solana surpassed 800,000 after growing by 324,000 in one week.
This milestone follows the network's tokenized equity supply crossing $684 million, an all-time high. Solana settled $14.7 billion of the $46 billion in tokenized asset volume traded across all chains over the past year.
Wallet holdings across RWA products are up 5x over the past year, with tokenized stocks driving 98% of that increase since April. Among those products, xStocks, which just reached 250,000 unique onchain holders, leads the class with $5 billion traded on Solana over 12 months.
Bart Hillerich
DEX Volume Remains a Strength
Solana also ranked second only to Binance in weekly DEX spot volume among major centralized and decentralized exchanges for the 12th consecutive week.
It led all Layer 1 and Layer 2 chains in weekly DEX volume for the 20th consecutive week.
At time of writing, Pump.fun leads in Solana 24h DEX volume at $315.7 million. Raydium follows in second at $248.25 million.
Memecoin Volume Shifted Back Toward Solana
Solana’s share of weekly memecoin DEX volume across all chains rose from 51% to 61% last week, while Robinhood Chain’s share fell from 40% to 32%. Robinhood Chain’s earlier surge was driven largely by stock-paired memecoins, which combine the familiarity of public-market tickers with the accessibility and speculative appeal of onchain tokens.
That category is now drawing more direct competition from Solana.
Protocols such as StonkFun are bringing stock-themed token trading to a network with established launchpads, deep memecoin liquidity and a large retail user base.
Solana’s Activity Remains Strong Under Pressure
Solana has faced growing competition (and criticism) across several markets. Hyperliquid has become a major force in perpetual futures, while Robinhood Chain has become a dominant player around tokenized equities, stock-linked assets, and retail speculation.
Despite that pressure, Solana’s latest figures remain tremendously strong.
The onchain activity points to the network's ability to continue attracting users, assets, and trading volume while rivals gain traction. And that may be the more important signal to note today. It's not about what Crypto Twitter is pointing to as the flavor-of-the-day FUD, what matters are the real metrics that point to network health and growth.
And in that regard, the Solana community can remain confident moving forward.
