Solana 
$89 (SOL), one of the most popular altcoins in the cryptocurrency market, achieved its highest daily transaction fee revenue in history. The official memecoin TRUMP, associated with Donald Trump, launched on the Solana Blockchain, significantly boosting the altcoin’s trading volume over the weekend. According to data from DeFiLlama, the Solana network collected over 35 million dollars in transaction fees and generated at least 14 million dollars in revenue between Saturday and Sunday.
TRUMP Coin’s Price and SOL Demand Hits Highs
TRUMP coin stirred the market with over 3 billion dollars in trading volume within two days. During this period, the number of active wallet addresses on the Solana network reached six million. Given the blockchain’s low-cost structure, the transaction fee revenue generated amid this activity is quite impressive. Transactions, normally below 0.1 dollars, became significant revenue sources with TRUMP coin.
Apart from TRUMP coin, other projects within the Solana ecosystem also benefited from this surge. For instance, Jupiter’s main network asset JUP gained significant attention among traders. Developments across the network increased demand for Solana’s main asset SOL, with trading volume exceeding 26 billion dollars in the last 24 hours, up from 3 billion dollars on Thursday.
Melania Trump’s Coin Disrupts the Network
On Sunday night, Donald Trump’s wife, Melania Trump, introduced her own memecoin. This development caused TRUMP coin’s price to drop by 50 percent. Additionally, the heightened activity in the Solana ecosystem led to technical disruptions, resulting in brief delays in applications like Jito and Phantom.
As technical issues were resolved swiftly, Phantom announced that users completed 10 million transactions within 24 hours, generating 1.25 billion dollars in trading volume. Recent developments in the Solana network illustrate how low-cost blockchains can achieve substantial revenues through high transaction volumes. The activity driven by TRUMP coin and other projects has strengthened Solana’s position within the crypto market.
