Solana DApps Rake In $22M as Pump.fun Leads Amid $1B Liquidity Slump
Solana decentralized purposes (DApps) generated greater than $22 million in income over the previous week, according to data from DefiLlama, with meme coin launchpad Pump.enjoyable as soon as once more main the pack.
The platform introduced in $9.65 million, marking its eighth consecutive week on the prime, as consumer exercise round Solana-based buying and selling protocols continues to dominate the chain.
Axiom, an rising buying and selling platform providing yield farming and perpetual merchandise, adopted as the second-highest earner with $5.20 million.
Jupiter, Solana’s largest decentralized alternate aggregator, recorded $6.75 million over the identical interval, whereas Phantom pockets added $2.9 million, reinforcing its function as a key entry level for customers into Solana’s DeFi ecosystem.
Other contributors included Raydium with $858,000, Meteora with $817,000, and Collector Crypt with $1.38 million, outperforming staking protocols such as Binance Staked SOL, which earned $625,000.
Solana DeFi Surges Past $12B TVL With $4.4B in Daily Trading Volume
The surge in protocol income has coincided with a resurgence in Solana’s broader decentralized finance exercise.
The community’s whole worth locked (TVL) not too long ago climbed above $12 billion for the primary time for the reason that 2021 bull run, reaching $12.18 billion on September 10.
At current, Solana holds $11.3 billion in locked property, up practically 2% up to now 24 hours.
Trading volumes have additionally surged throughout Solana’s decentralized exchanges. On September 26, Solana recorded $4.44 billion in 24-hour DEX quantity, properly above its baseline of $2.77 billion.
Alongside rising buying and selling volumes, consumer charges have remained sturdy. Over a single 24-hour interval, Solana customers paid $12.38 million in charges throughout varied protocols.
Despite these positive aspects, the memecoin launchpad sector has proven indicators of slowing.
Data from Dune Analytics reveals that bonding curve volumes, a key indicator of liquidity on meme-focused platforms, fell under $1 billion final week for the primary time in six months.
Total launchpad quantity was $796.4 million, with Pump.enjoyable accounting for $669.2 million, or 84% of the whole, whereas BonkFun adopted with $95 million.
Sugar and Moonshot trailed with $19.1 million and $9.5 million, respectively. Smaller platforms such as Launchlab and Bags reported negligible volumes.
The decline marks a pointy pullback from earlier weeks when volumes commonly exceeded $1.2 billion, suggesting a cooling of speculative momentum.
Despite the current slowdown in bonding curve exercise, Pump.enjoyable’s grip on the sector stays dominant. The platform has persistently captured nearly all of liquidity since May, reinforcing its standing as the main launchpad for Solana’s meme coin financial system.
BonkFun has emerged as the one important competitor, although its market share stays far smaller.
At the community stage, Solana continues to indicate robust fundamentals. Its rising TVL, sturdy DEX exercise, and file protocol revenues place it among the many top-performing blockchains in 2025.
Solana Trades at $206 Amid Pullback however Uptrend Still Intact
Solana (SOL) is altering fingers at $206.78, up 4.2% over the previous 24 hours. Despite the every day acquire, the token has slipped 7.1% up to now week and 12.6% over the past two weeks.
On a 30-day view, SOL is up simply 2%. The value stays 29% under its all-time high of $293.31.
Chart information exhibits Solana persevering with to maneuver inside a parallel ascending channel that has guided its value motion since spring 2025. The token has repeatedly rebounded from the channel’s decrease boundary whereas assembly resistance on the higher line.
After topping out close to $260–$270 earlier this month, SOL corrected sharply and now trades across the channel’s midline.
Technical indicators level to a attainable retest of decrease help close to $180–$185. A bounce from this zone might set the stage for a renewed push towards the $260–$280 vary later this 12 months.
Immediate help sits at $200, whereas resistance ranges are seen close to $220 and $260. Analysts warning {that a} decisive break under $180 would invalidate the channel and threat deeper losses.
On the weekly chart, Solana continues to carry above a rising trendline that has supported a number of rallies. As lengthy as weekly closes keep above this line, the broader bullish construction stays intact.
Projections recommend that if momentum returns, SOL might revisit the $260–$280 space and probably attain the $300 stage within the months forward.
For now, Solana’s outlook stays cautiously bullish. Pullbacks are seen as a part of a traditional uptrend cycle, however merchants are watching the $180 help carefully as the dividing line between continuation and reversal.
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