If you've been scrolling through crypto Twitter lately, you've probably seen the endless shade thrown at Solana. The network's faced its share of outages, FUD (that's fear, uncertainty, and doubt for the uninitiated), and outright grave-dancing from skeptics predicting its demise. But here's the plot twist: despite all that noise, Solana apps are quietly raking in a whopping 80% of the total onchain revenue across the entire crypto space. Yeah, you read that right—eight out of every ten dollars generated onchain

- Let's check the thread content to see what it's about.
are happening on Solana.

This gem of insight comes straight from Solana Legend, a vocal advocate and co-founder at FrictionlessVC, who dropped this reality check in a recent X post. "Despite the hate and grave dancing @solana apps are still doing 80% of the onchain revenue in crypto," he wrote, cutting through the cynicism like a hot knife through butter. And the replies? Pure gold. MemeCoinTracker chimed in with, "Solana always delivers. Haters gonna hate, WAGMI." (WAGMI, of course, stands for "We're All Gonna Make It"—the ultimate crypto optimism mantra.)

So, what exactly is onchain revenue? In simple terms, it's the fees and earnings generated directly on the blockchain from activities like trading, lending, or launching tokens. Think transaction fees, swap volumes on DEXes (decentralized exchanges), and even those wild meme coin pumps. Solana's secret sauce? Blazing-fast speeds (up to 65,000 transactions per second) and dirt-cheap fees—often under a penny per trade. That makes it a magnet for high-volume plays, especially in the meme token world where speed and cost can make or break a viral launch.

For us at Meme Insider, this dominance is music to our ears. Solana has become the go-to chain for meme tokens, powering hits like $BONK, $WIF, and $POPCAT. Why? Because when you're trying to ape into a frog-themed coin at 3 AM during a hype cycle, you don't want to wait 10 minutes for confirmation or pay $50 in gas fees like on Ethereum. Solana's ecosystem lets creators and traders move fast, fostering that chaotic, community-driven energy that defines memes. According to recent data from DefiLlama, Solana's DeFi TVL (total value locked) is surging, with meme-related protocols contributing massively to that onchain activity.

But let's not sugarcoat it—Solana isn't flawless. The network's history of congestion during peak meme frenzies has fueled the critics. Remember the $TRUMP token chaos earlier this year? It clogged things up, leading to those infamous "Solana is down again" memes. Yet, here's the resilient part: upgrades like Firedancer (a new validator client) and ongoing optimizations are addressing these pain points. The result? Revenue keeps climbing, proving that actions speak louder than outages.

As blockchain practitioners and meme enthusiasts, this is a reminder to zoom out. The hate might be loud, but the numbers don't lie. Solana's stranglehold on onchain revenue underscores its role as the meme token frontier—where innovation meets absurdity in the most profitable way. If you're building, trading, or just HODLing memes, keep an eye on Solana. It's not just surviving the storm; it's thriving in it.

What do you think—bullish on Solana memes despite the noise? Drop your takes in the comments, and stay tuned to Meme Insider for more breakdowns on the wild world of onchain alpha.