Solana The competition among blockchain launch platforms is intensifying. Stonk In recent days, it has seen revenue exceed pump.fun for three consecutive days, becoming a new focus of attention in this market cycle. With the increase in platform popularity, Solana tokenized stock trading has also seen a significant surge, and the activity of spot DEX has correspondingly rebounded.
For three consecutive days, it has exceeded pump.fun.
According to platform data cited in the text, Stonk has had higher daily launch platform revenue in the past three days than pump.fun. Stonk supports a variety of pairings such as tokenized stocks and mainstream crypto assets, and this design has helped it attract more funds for on-chain transactions.
The article states that Stonk has promoted a recovery in trading on Solana and memecoin, and also pulled some liquidity back from Robinhood Chain and BNB Chain to Solana. As revenue continues to grow, the gap between Stonk and the top platforms on Robinhood Chain, such as Pons, is also narrowing.
- Stonk has a daily income of approximately $1.3 million.
- Pons The one-day revenue on the previous day was approximately $1.49 million.
- Since its launch, Pons has accumulated revenue of over 25.8 million US dollars.
Tokenized stock trading volume increases
After Stonk became popular, the RWA transactions of Solana also benefited accordingly. Data from Blockworks Data shows that the daily trading volume of tokenized stocks has increased from about 50 million US dollars last week to over 154 million US dollars, representing a growth of approximately three times.
The article suggests that this round of growth is mainly due to the increasing demand for pairing meme coins with stock tokens. As trading volumes increase, relevant issuers are also accelerating the addition of liquidity and variety of assets on the chain.
Sunrise DeFi is one of the platforms that has expanded rapidly recently. This project is supported by Wormhole with cross-chain infrastructure, and the speed of new listings has accelerated recently. It is mentioned in the text that the cumulative trading volume of all listed assets on Sunrise has exceeded 10 billion US dollars. At the same time, the total supply of tokenized stocks on the Solana chain has also risen to a new high of 535 million US dollars.
The market has shifted its focus to the actions of pump.fun.
After Stonk's revenue surpassed expectations, the market's focus began to shift towards pump.fun. The article states that pump.fun is expected to launch a multi-pairing feature later this week, which could further intensify competition in the Solana launch platform space.
Although there are already views in the market that the new features of pump.fun may divert trading activity away from Stonk, this expectation has not yet dampened the market performance of $STONK. According to the text, $STONK is still near its historical highs.
Overall, the short-term surge of Stonk not only changed the revenue rankings of the launch platform for Solana, but also boosted the activity in tokenized stock and spot trading. Next, whether pump.fun can regain traffic by leveraging its multi-pairing feature will become the next focus of observation for the on-chain trading market of Solana.
