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Solana Dominates Blockchain Metrics: Debunking the 'Dead' Rumors Amid Meme Token Boom

Solana Dominates Blockchain Metrics: Debunking the 'Dead' Rumors Amid Meme Token Boom

If you've been scrolling through crypto Twitter lately, you've probably seen the doomsayers proclaiming "Solana is dead." But Vibhu Norby, a key figure at the Solana Foundation and founder of projects like Drip Haus and Solana Spaces, isn't having any of it. In a recent thread on X (formerly Twitter), he laid out some hard-hitting stats that paint a very different picture—one where Solana is not just alive, but thriving and leading the pack in key blockchain metrics.

Vibhu kicks things off by highlighting Solana's top spot in "real economic value," which basically measures what users are willing to pay for blockspace—think fees and tips for transactions. Over the past week, Solana raked in a whopping $8.5 million, outpacing heavyweights like Tron, BNB, and Ethereum. This isn't just numbers on a screen; it shows real demand from users and developers who choose Solana for its speed and low costs.

Stacked bar chart showing network revenue for various blockchains from July to November 2025, with Solana leading at $8.5M

Diving deeper, Vibhu points to Solana's dominance in decentralized exchange (DEX) trading. With $29 billion in weekly spot DEX volume, it's higher than the entire Ethereum ecosystem combined. For meme token enthusiasts, this is huge—platforms like Raydium and Jupiter on Solana make it a hotspot for trading viral coins like Pump.fun launches or established memes. High volume means more liquidity, which keeps the meme party going strong.

Then there's the transaction count: 540 million weekly transactions, three times more than all other chains put together. And active users? 15 million per week, again more than everyone else combined. These figures underscore why Solana has become the go-to for meme token creators and traders. The network's efficiency handles the frenzy of pumps, dumps, and everything in between without the gas fee nightmares you see elsewhere.

But Vibhu doesn't stop at the basics. He throws in some forward-looking gems: Solana ETFs are seeing massive inflows from institutions, signaling long-term confidence. The Colosseum hackathon just wrapped up, bringing thousands of new builders into the fold—many of whom will likely experiment with meme-inspired projects. And let's not forget the bleeding-edge innovations like ORE (a mining token), MetaDAO (governance experiments), Rush, and Soar, where new products find product-market fit weekly.

Apps on Solana aren't just surviving; they're profitable, earning $23 million in revenues this week alone. This makes it the preferred network for serious builders, including those in the meme space who turn viral ideas into revenue-generating ecosystems. With Solana Breakpoint conference a month away and major announcements like Alpenglow on testnet, the momentum is building.

Chart displaying weekly DEX volume across blockchains, highlighting Solana's $29B lead Graph of weekly transactions, showing Solana at 540M, dwarfing other chains Active users chart with Solana at 15M weekly, more than all competitors combined

The thread has sparked reactions from the community, with replies from projects like Raydium affirming Solana's top position, and others like Stakefy showcasing new builds on the network. Even amid the noise from critics, the data speaks volumes.

For meme token insiders, this reinforces why Solana remains a powerhouse. Whether you're launching the next big cat coin or trading established memes, the network's metrics ensure it's built for the hype cycles that define our space. As Vibhu puts it, "The reports of our death have been greatly exaggerated." Facts matter, and right now, they're all pointing up for Solana.

If you're diving into meme tokens, keep an eye on Solana's ecosystem—it's where the action is. Check out more on Solana's official site or explore DEXes like Raydium to get started.

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