Meme Insider
In the fast-paced world of blockchain, Solana continues to stand out as a powerhouse for developers and traders alike. Recently, Lucas Bruder, CEO of Jito Labs, joined ThreadGuy for a live interview, dropping some serious knowledge bombs about why Solana is crushing it when it comes to app revenue. If you're into meme tokens or just curious about how blockchain apps are minting money, this is gold.
Jito Labs, for those new to the scene, is a key player in Solana's ecosystem. They specialize in Maximal Extractable Value (MEV) infrastructure, which basically means optimizing transactions to capture extra value from things like arbitrage or liquidations. Their flagship product, JitoSOL, is a liquid staking token that lets you stake SOL while keeping it usable for DeFi activities like lending or trading.
Solana: The Million-Dollar App Machine
Bruder didn't hold back on the numbers. He revealed that Jito itself had a wild one-week stretch where they raked in over a million dollars a day. But that's just the tip of the iceberg. Apps like Bonkbot, a super-fast Telegram bot for trading Solana memecoins, and Photon, a lightning-quick trading platform for discovering and sniping tokens, are absolutely printing money.
"Everyone talks about appchains," Bruder said, referring to dedicated blockchains built for specific applications, "but Solana is kind of the real appchain. Apps make a ton of money on Solana." Why? Solana's high throughput and low fees make it ideal for high-volume activities like meme token trading, where speed is everything. Meme tokens thrive here because traders can jump in and out without getting rekt by gas fees, leading to massive revenue for supporting apps.
ETFs: Inevitable, But Not Make-or-Break
When asked about Solana ETFs (Exchange-Traded Funds), which would allow traditional investors to buy SOL exposure without holding the crypto directly, Bruder was pragmatic. "It’s inevitable, but it’s not going to make or break Solana," he explained. The real win, according to him, is building the best user experience: "We want Solana to be the best place to trade, and the way that you win is making it the best place for users with the most apps."
This ties right into the meme token craze. With more apps comes more innovation in trading tools, launchpads, and bots—perfect for the volatile, fun world of memes. Solana's ecosystem is already buzzing with projects that cater to this, and ETFs could bring in more liquidity without changing the core appeal.
Handling Meme Token Madness: The TRUMP Launch Story
Bruder also shared a behind-the-scenes look at how meme token launches stress-test the network. During the launch of the TRUMP token (a politically themed meme coin that grabbed headlines), Jito saw an insane spike: "We couldn’t keep up with the traffic; we just saw 100k trades per second, which is the most we’ve ever seen. Solana blockchain normally does 300-700 a second."
This highlights Solana's scalability but also the challenges. Meme tokens like TRUMP can cause massive surges because they're hyped, viral, and attract hordes of traders. Tools like Jito's TipRouter help distribute MEV rewards fairly, ensuring validators and stakers benefit from the chaos. For meme enthusiasts, this means faster, more reliable trades even during peak hype.
If you're building or trading on Solana, Bruder's chat is a reminder of why it's the go-to chain for revenue-generating apps. Whether it's through liquid staking with JitoSOL or sniping the next big meme via Bonkbot, the opportunities are huge. Check out the full clips on X and stay tuned for more Solana updates here at Meme Insider. What's your take on Solana's app economy? Drop a comment below!
