Hey there, crypto enthusiasts! If you’ve been keeping an eye on the blockchain world, you’ve probably noticed Solana making some serious waves. The latest update from Carlos Gonzalez Campo at Blockworks Research, shared on X, dives into Solana’s impressive performance in July 2025. Let’s break it down in a way that’s easy to digest, even if you’re new to the crypto game!

Solana’s Stellar July Performance

July was a big month for Solana, with on-chain activity showing some exciting growth. Here’s a quick rundown of the key stats:

• Real Economic Value: Clocking in at $87 million, this jumped by 38% compared to the previous month. Think of this as the “true value” generated on the network, including fees and other activities.
• App Revenue: Apps on Solana raked in $161 million, a whopping 50% increase. This shows developers are building successful projects that users love!
• DEX Volumes: Decentralized exchange (DEX) trading hit $115 billion, up 42% month-over-month. For those unfamiliar, DEXs let you trade crypto without a middleman—pretty cool, right?
• Stablecoin Supply: The supply of stablecoins (cryptos pegged to stable assets like the US dollar) grew to $11.46 billion, a 6.6% rise. This indicates growing trust in Solana’s ecosystem.

These numbers suggest Solana is becoming a hotspot for both developers and traders. If you’re into meme tokens or DeFi (decentralized finance), this growth could mean more opportunities ahead!

Diving Deeper into the Data

Carlos’ thread doesn’t stop at the headline numbers—it gets into the nitty-gritty. For instance, Solana’s real economic value (REV) nearly matched Hyperliquid’s $88 million, a first-time event! This competition is heating up, with Solana holding a 26.5% market share in July, just behind Hyperliquid’s 26.9%. Other players like Tron (18.7%) and Ethereum (16.8%) are also in the mix.

When it comes to app revenue, top performers included Axiom ($41M), Letsbonkfun ($37M), Pump ($17M), and Raydium ($16M). If you’re a meme token fan, you might recognize Letsbonkfun—a platform known for launching fun, community-driven tokens. This diversity shows Solana’s ecosystem is thriving across different use cases.

DEX volumes are another highlight, with memecoins driving nearly half the $115 billion traded. The SOL-USD trading pair also took a solid 36%, showing strong interest in Solana’s native token. Raydium leads the DEX pack with a 35% market share, while Meteora’s volume surged 150% to $20 billion, grabbing an 18% share. That’s a lot of trading action!

Stablecoins and Launchpads

Solana’s stablecoin supply growth is fueled by a $650 million increase in USDC and a 44% jump in USDG to $148 million. Stablecoins are like the steady backbone of crypto trading, and this growth signals confidence in Solana’s infrastructure.

Launchpad revenue also soared to $68.4 million, up 50% from last month. Letsbonkfun dominated here with $37 million (55%), followed by Pump with $15 million (22%). Launchpads are platforms where new tokens get their start, often including meme tokens, making this a hot area to watch.

Why This Matters for Meme Token Lovers

At Meme Insider, we’re all about keeping you in the loop on meme tokens and blockchain trends. Solana’s July 2025 update is a big deal because it shows a healthy ecosystem where meme tokens can flourish. The high DEX volumes and launchpad activity suggest more creative projects are on the horizon. Plus, with stablecoin growth, trading these tokens could get even smoother.

What’s Next?

Carlos encourages following Blockworks Research for more updates, including Solana Improvement Documents (SIMDs) and DeFi insights. As we move forward, keep an eye on how Solana’s momentum might influence meme token launches and trading trends.

So, what do you think? Are you excited about Solana’s growth, or do you have a favorite meme token riding this wave? Drop your thoughts in the comments, and let’s chat about it! For more juicy updates, stick with Meme Insider as we unpack the wild world of crypto.