In the fast-paced world of crypto, where disruption happens overnight, a recent report from 1kx has everyone talking. Venture capitalist Mike Dudas spotlighted a key insight on X: the top six fee-generating products in the first half of 2025 were all built on Solana. That's right—Solana isn't just holding its own; it's leading the pack in onchain revenue.

The data comes from 1kx's Revenue Report for H1 2025, which breaks down how the top 20 protocols captured a whopping 69% of all onchain fees, totaling $6.9 billion. For context, onchain fees are the charges users pay for transactions and services on blockchains, like trading on decentralized exchanges (DEXs) or using wallets. These fees are a strong indicator of a protocol's usage and economic activity.

Here's the chart that's got the community buzzing:

Looking at the top performers:

• Meteora: Leading with $739 million in fees, this Solana-based liquidity protocol (categorized as consumer) shows how efficient liquidity provision is thriving on the chain.

• Jito: At $607 million, Jito's focus on maximum extractable value (MEV) tools for Solana validators and stakers underscores the blockchain's technical edge.

• Jupiter: Generating $547 million, this DEX aggregator makes swapping tokens seamless and cost-effective on Solana.

• Raydium: With $493 million, another Solana DEX that's become a go-to for traders seeking low fees and high speed.

• Solana (the chain itself)​: Clocking in at $491 million, the base layer's fees reflect the overall network activity.

• Pump.fun: Rounding out the top six at $476 million, this meme token launchpad has revolutionized how creators deploy and trade memes on Solana.

What stands out is Solana's clean sweep of the top spots. Protocols like Uniswap (Ethereum-based, $452 million) and others trail behind, but the concentration on Solana highlights its scalability and low-cost advantages. In crypto terms, Solana's high throughput—handling thousands of transactions per second without breaking a sweat—makes it ideal for high-volume apps like meme trading platforms.

For meme token enthusiasts, Pump.fun's position is particularly exciting. As a tool that lets anyone launch a meme coin with minimal hassle, it's fueled a boom in community-driven tokens. This not only drives fees but also boosts Solana's ecosystem vibrancy. Replies to Dudas's post echo this sentiment, with users noting how Pump.fun's success is "insane" and questioning why Solana ecosystem coins sometimes underperform SOL itself. Dudas's take? "Because SOL is a very good coin, the best L1 token outside of Bitcoin IMO."

This dominance isn't accidental. Solana's focus on speed and affordability has attracted developers and users alike, especially in DeFi and consumer apps. Compared to Ethereum, where gas fees can spike during congestion, Solana keeps things smooth, encouraging more onchain activity.

If you're building or investing in meme tokens, this report is a wake-up call. Solana's fee leadership suggests it's the prime playground for the next wave of viral memes. Tools like Pump.fun lower the barriers, making it easier for creators to experiment and communities to rally.

As the crypto landscape evolves, keep an eye on Solana—it's not just generating fees; it's shaping the future of blockchain innovation. For more insights on meme tokens and blockchain trends, check out our knowledge base.