r/solana

The present DefiLlama figures clearly differentiate Pump.fun from Pons and StonkFun.

In the last 30 days: Pump.fun: $3.753B in DEX volume, Pons: $1.592B, StonkFun: $858.33M Pump.fun saw approximately 53% more volume than Pons and StonkFun combined in total. Moreover, directionality of the charts is important. The daily volume of Pump.fun is increasing consistently starting from mid-September, whereas both Pons and StonkFun cooled off after their September peaks. Their fee structures are different, and thus gross fees are not comparable without additional information. Pons generated $97.23M in fees but only received $15.56M in protocol revenue. Pump.fun generated $54.16M in fees and received $38.56M in revenue. Both Pons and StonkFun generated $28.67M in protocol revenues. Not taking brand loyalty into account, Pump.fun currently is the leader in trading volume and has the most impressive momentum. I wanted to ask this question: which of these metrics provides the fairest comparison?

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The Pumpfun’s October 5th news stated that there is an app contest that provides its participants with a sum of $100,000 for individual participation, and the other $100,000 is available for teams. As for the team category, there is something interesting in there if individuals talk about their positions and decision making process with each other. It's always more profitable to hear the explanation for the reason of one’s position than just seeing the final results. However, the way teams will be ranked is essential since dollar profit takes into account the size of one's account, while percentage return only favors risky behavior.

What would make you want to participate in the teams' competition?

I've noticed that projects from other chains are using platforms like Sunrise to launch their tokens on Solana. I’m trying to understand how to buy these non-Solana tokens that now trade here.

These tokens are usually available on multiple dApps. For example, I saw that Injective was recently made available on Solana. I can buy it on Jupiter, Raydium, Backpack, Sunrise, and a few more platforms. It’s getting a bit confusing as I don't know which one should I pick.

Here's what I am trying to figure out:

• Are these wrapped/bridged versions?
• If I buy Injective on Solana, does it matter? Is it the same token everywhere as long as the mint matches?

Also, which of those platforms would you trust to buy tokens like these? I don't want to grab a random ticker and end up with a fake token.

Source: https://x.com/solana/status/2106723512631095559

Nasdaq listed it, Solana moved it. A drone defense company did more volume onchain than on its home exchange, while Fiserv plugged in 90+ banks and credit unions. Q3 app revenue hit $365M, the tenth straight quarter Solana has led.

Here’s everything that happened this week:

📰 Headline News

- @Fiserv’s digital asset platform launched on Solana, enabling Roughrider Coin transfers across 90+ banks and credit unions
- **@**openstandard’s OUSD launched on Solana, with reserves at BlackRock, Lead Bank, and BNY
- Solana led app revenue for the 10th consecutive quarter, generating $365M in Q3, up 42.6% QoQ
- Tokenized Powerus ($PUSA) shares did more volume on Solana than on Nasdaq, day after listing via @sunrise and @Backpack Securities

📰 Launches

- Solana’s tokenized-equity holders reached an ATH of 1.2M, with 775K joining in September
- @sunrise brought Coinbase’s wrapped Cardano asset, cbADA, to Solana via @Chainlink CCIP
- @domaprotocol opened Frontier on Solana via @Loopscale, bringing tokenized domains onchain
- @FermiTrade launched an onchain perp DEX with verifiable first-in, first-out order matching
- @Sirius_Protocol went live with private spot and perps trading, keeping positions off the public feed
- @cloak_ag launched private payroll with spreadsheet uploads and one-click payouts
- @metaplex introduced MPL-3643, a standard for permissioned RWAs and tokenized securities with built-in compliance
- @BackpackOnchain added Solana v1 transaction support for more complex trading routes and DeFi interactions
- @jup_mobile introduced the Claynosaurz x Jupiter Card with 2% cashback, full FX fee rebates through 2026
- @DecryptMedia and @MyriadMarkets introduced The Information Exchange, connecting news and markets
- @useKled unveiled Kled V3 for collecting real-world consumer datasets in under 72 hours, powered by Solana payments
- @flint_trade_ announced its onchain perp DEX on Solana
- @proto_xyz previewed markets for trading exposure to rental GPU power usage, targeting Q4
- @DGLD_Official teased a Solana expansion for its token backed by physical PAMP gold stored in Switzerland
- @solana_devs introduced Solana Scholars, offering funded three-month research internships for PhD students
- @joinfrontier wrapped its Seoul edition, with Solana Summit Singapore next on October 6
- @SolanaEvents confirmed the next wave of Breakpoint 2026 speakers

📰 Milestones

- Solana’s September app revenue reached a nine-month high of $180M, accounting for 32% of revenue across chains
- Solana led spot DEX volume for the fifth consecutive quarter with $197B in Q3, up 16.6% QoQ
- @xStocksFi recorded $1.8B in September trading volume on @Raydium
- @Raydium crossed $6B in cumulative tokenized-stock trading volume
- @byreal_io surpassed $5B in total trading volume on its first anniversary
- @nansen_ai hit weekly ATH for x402 transactions on Solana, with payment volume exceeding all other networks combined
- Tokenized stocks pledged as collateral on @kamino exceeded the scale of any other chain by more than 3x

If you enjoyed this week’s newsletter, please share it with an RT.

Artwork by nub

https://preview.redd.it/e80x8nk16gth1.png?width=680&format=png&auto=webp&s=868c10a2b9bd3e92fa17b365136da501863bf069

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