In April 2025, Solana doubled its core infrastructure improvements. At the same time, MemeCoins mainly promoted trading activities on the network. While the broader crypto market faced the sale of risky assets, Solana’s focus on development and its growing ecosystem demonstrated its purpose for long-term leadership.
Despite the tough market conditions, Memecoins accounted for 95% of the unstable coin trading volume on Solana’s Decentralized Exchange (DEXS). This highlights its role in generating on-chain revenue. At the same time, Solana went ahead with its technical plans with major upgrades.
They promise faster transactions and faster response times, setting the stage for more use by large institutions.
“Memecoins remain a major factor in Solana’s Onchain revenue. In January 2025, they accounted for 44% of the diversified exchange trading volume and 35% in April 2025.
If you want to exclude stubcoin, sol, and sol liquid staking tokens that are often on the other side of a transaction, mecoins…pic.twitter.com/ruhxvotfoj– Matthew Sigel, Recovering CFA (@matthew_sigel) May 5, 2025
Memecoins still dominate Solana Trading
Memecoin’s trading volume fell across the crypto industry in the first quarter. But Solana was different. Except for Stablecoins and Sol Staking Assets, MemeCoins constituted almost every DEX transaction on its network. In January, this figure was 99%, and by April, 95% was very high.
This heavy focus on Memecoin raises questions about long-term sustainability. However, Solana’s ability to handle many transactions continues to attract this speculative trade immediately. Solana is becoming the biggest choice for mass activity as developers are looking for a new platform for financial apps.
Solana pushes major infrastructure and validator upgrades
Beyond the topic of Memecoin, Solana used April to deploy important technical improvements. With the release of SIMD-0207, the network’s calculation limit has increased by 4%, and a larger extension has been planned. This work is part of Solana’s IBRL roadmap and is intended to significantly increase the number of transactions the network can handle.
The Solana Foundation has also changed its strategy for Validator Deligation. Now we are going to reward people who remove low-performance validators and add more value. This shift is a move towards healthier, more merit-based, truly distributed networks, from supporting less efficient “dependency” validators.
The broader crypto markets see the fate of shifts
Bitcoin showed remarkable strength amid the turbulence of the market in April. The BTC ended the nearly $95,000 month month as world trade worries sparked a sale. Interest from large companies such as XXI and MicroStrategy also increased, and these companies increased their Bitcoin Holdings.
Meanwhile, Ethereum was behind faster competitors like Solana and Sui. ETH’s smart contract platform revenue percentage fell sharply from commission fees, below 14%. Even with big plans for scaling, Ethereum updates may be slower and could challenge future market share.
SUIs will increase rapidly when products are delivered
Sui stood out in April with a 52% price profit. This surge was supported by more activity on its DEXS and strong momentum from the developer community. Tools like Walrus and Deepbook highlighted the SUI’s ability to provide products that meet the needs of real users.
The developers praised the SUI design and the rapid response of their teams, reinforcing their image as a rising star in the smart contract platform.
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