Solana Dominates Blockchain Activity in June 2025, Matching Combined Rivals

In June 2025, Solana (SOL) demonstrated its growing dominance in the blockchain space by matching the combined monthly active addresses of all other Layer 1 and Layer 2 networks, according to Artemis data. Despite a slight 24-hour dip of 1.45%, trading between $149.21 and $153.67, Solana's fundamentals remain strong. The network's revenue for Q2 2025 reached an impressive $271 million, securing its position as the industry leader for the third consecutive quarter. This milestone underscores Solana's scalability and adoption, solidifying its bullish outlook in the cryptocurrency market.

Solana Matches Combined Active Users of All Other Blockchains in June 2025

Solana (SOL) saw a slight dip of 1.45% over 24 hours, trading between $149.21 and $153.67 amid heightened volatility. Despite short-term weakness, the blockchain's fundamentals shine: Artemis data reveals solana matched the combined monthly active addresses of all other Layer 1 and Layer 2 networks in June 2025.

Network revenue hit $271 million in Q2 2025—marking its third consecutive quarter as the industry leader. Transaction fees and out-of-protocol tips fueled this growth, cementing Solana's dominance in both user adoption and economic activity.

Gate.io Removes $600M Pump.fun Token Sale Page Amid Speculation

Gate.io has deleted a webpage detailing a planned $600 million token sale for Solana-based memecoin platform Pump.fun, fueling market uncertainty. The exchange had initially listed a public sale of 150 billion PUMP tokens at $0.004 each, which WOULD have valued the project at $4 billion.

The abrupt removal follows community speculation about Pump.fun's fundraising plans, including earlier rumors of a $1 billion raise. Neither Pump.fun nor founder Alon Cohen have confirmed the sale, leaving investors to parse Gate.io's vague statement about "negotiations" with the project.

The memecoin platform gained prominence during January's speculative frenzy, facilitating over 11 million token launches. Its potential transition to a major token sale reflects the ongoing institutionalization of meme-driven crypto projects.