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PenelopeThe Security Advantages of Monad
Background: Ethereum's Gas ModelIn the past three years, more than four billion dollars' worth of assets have been stolen due to on - chain vulnerabilities. These losses have become one of the biggest obstacles to the mainstream adoption of decentralized applications (DApps). The main reason is that the cost of implementing security measures for smart contracts on Ethereum is very high. While minimizing users' gas fees, Ethereum developers often face a difficult trade - off as they have to gi...
PenelopeHow Are Young People Igniting a Meme Frenzy with $HOUSE to Revolt Against Soaring Housing Prices?
In 2025, the Solana ecosystem’s meme coin $HOUSEcoin has rapidly risen with its anti-property-ownership narrative, reaching a peak market cap of $80 million. The Meteoric Rise of $HOUSEcoin On April 27, 2025, the market capitalization of $HOUSEcoin (HOUSE) on Solana surged to $75 million, hitting an all-time high. Launched on March 25 via the Pump.fun platform, the project catapulted from obscurity to a crypto community sensation in just one month. Its official slogan, “Flipping the Housing M...
PenelopeRankings Updated! $100M-Valued Fogo Testnet Live! New Play Mechanism Announced, Soaring Popularity!
Recent Updates on FogoApril 7th: The Flames leaderboard went live!April 1st: Fogo's testnet was launched, revealing the Fogo Flames play mechanism.Light the Torch: At the end of each week, Flame allocations are calculated and granted. These allocations accumulate over time, contributing to users' total scores on the leaderboard. Complete tasks, stack flames, and become a contributor. Some actions are more valuable than others. The more you contribute, the higher you climb. Introduction to Fog...
In terms of growth, Meteora might be the biggest beneficiary of the TRUMP token craze. But is this boon a fleeting moment or the beginning of a change?
Solana Ecosystem Benefits Greatly from Trump's Token Launch
Following the market buzz generated by U.S. President Trump's launch of his personal token, TRUMP, the Solana ecosystem emerged as the biggest beneficiary. Not only did the DEX trading volume hit all-time highs for two consecutive days, but the daily on-chain transaction fees also reached $33.3 million, setting a new record.
Meteora and Jupiter: Direct Beneficiaries Within the Solana Ecosystem
Within the Solana ecosystem, Jupiter and Meteora are the most directly benefited projects. Jupiter, long the most active aggregator on Solana, was expected to capitalize on this trend. Slightly more surprising is Meteora, which has been relatively low-key in this cycle and previously ranked behind Raydium in data volume. In terms of growth, Meteora might be the biggest beneficiary of the TRUMP token craze, raising the question whether this boon is temporary or the start of a transformation.
Daily Trading Volume Soars 8x Following Trump's Token Launch
Before January 18th, Meteora's daily trading volume was around 500−600 million. On January 18th, however, this figure surged to 3.99billion,markinganeightfoldincrease.Thefollowingdays,19thand20th,alsowitnessednewhighs,withtradingvolumesof6.1 billion and $4.7 billion, respectively.
Significant Growth in Active Addresses
This data change is also reflected in the number of active addresses, which saw a notable increase. Typically, Meteora's active addresses hover between 120,000 and 130,000, with no significant changes. On January 18th, this number grew to 550,000, and to 700,000 and 640,000 on the 19th and 20th, respectively, marking an increase of up to 5.8 times.
Did Meteora Ride Jupiter's Coattails?
The main reason for these changes is undoubtedly the trend of token issuance by the Trump family. Data shows that, as of January 21st, seven out of the top ten most popular trading pairs on Meteora were related to Trump tokens, mainly centering around TRUMP and MELANIA.
What Makes Meteora Stand Out?
These changes stem from the benefits brought by the Trump family's token issuance. From an ecological perspective, what makes Meteora appealing to the Trump family?
In reality, there isn't much news about Meteora. Founded in 2021, it is one of the earliest liquidity platforms on Solana. Co-founded by Ben Chow and the well-known Meow, who are also the co-founders of Jupiter, Meteora shares the same origin as Jupiter. Originally named Mercurial Finance, Meteora issued the MER token in 2022 but, due to the impact of the FTX collapse, the team decided to rebrand as Meteora, abandon MER, and plan to reissue a new token, MET. To date, MET has not been issued, with previous announcements suggesting a potential launch in February 2025.
Comparing Meteora and Jupiter
Comparing the data of Meteora and Jupiter, it can be seen that Meteora lags behind Jupiter in terms of user scale and capital flow volume. However, it has seen a more significant increase during this TRUMP token boon. On January 18th, Jupiter's daily trading volume surged to 16.8billion,andonthe19th,itsetanewrecordof20.6 billion. Before this, the daily data was generally around $6 billion. From this perspective, the issuance of the TRUMP token mainly valued Jupiter's user scale and liquidity. Meteora's involvement seems more like a team-backed effort to boost expectations for its upcoming token launch.
Solana DeFi Landscape Undergoes Subtle Changes
In addition to Meteora and Jupiter as the preferred partners for this issuance, other DEX products have also seen significant data improvements as trading heat increases. Raydium's trading volume more than doubled after January 18th, with the highest daily trading volume reaching $13.8 billion. However, the growth in active users was modest, increasing by about 30% from usual levels, peaking at around 4 million daily active users. Moreover, protocols such as lifinity, orca, and phoenix also saw notable growth.
Meteora Emerges as the Biggest Winner
According to Blockwork data, Meteora's share of MEME coin trading on Solana was usually below 10%, but this proportion rose to 60% starting from January 18th. This primarily came at the expense of Raydium's market share, which was previously around 90%. After the TRUMP token issuance, Raydium's share dropped to less than 30%.
Competitive Landscape Intensifies on Solana
As Solana's position in the MEME sector becomes unshakeable, competition within the Solana ecosystem has intensified. The Trump family's token issuance presents a historic opportunity for Jupiter and Meteora. According to Jupiter and Meteora, the TRUMP token launch is the biggest release in the cryptocurrency space.
Results and Implications
The opportunity seized by Jupiter and Meteora has indeed brought significant changes. From a cause perspective, compared to the Pump.fun and Raydium duo, Jupiter and Meteora appear more suitable for the president's token issuance needs from a compliance or branding standpoint.
It remains to be seen whether Trump's token issuance will spark more politicians or celebrities to follow suit, as expected by the outside world. If such a trend emerges, the Jupiter and Meteora duo seems to have more opportunities to seize market share from Pump.fun and Raydium through strategic token launches.
After all, personally issued MEME coins now seem unlikely to become golden tickets, including the recently popular AI Agent-type tokens, which all have professional teams and organizations behind them. Judging from Meteora's performance, Pump.fun's advantage seems to be weakening.
In terms of growth, Meteora might be the biggest beneficiary of the TRUMP token craze. But is this boon a fleeting moment or the beginning of a change?
Solana Ecosystem Benefits Greatly from Trump's Token Launch
Following the market buzz generated by U.S. President Trump's launch of his personal token, TRUMP, the Solana ecosystem emerged as the biggest beneficiary. Not only did the DEX trading volume hit all-time highs for two consecutive days, but the daily on-chain transaction fees also reached $33.3 million, setting a new record.
Meteora and Jupiter: Direct Beneficiaries Within the Solana Ecosystem
Within the Solana ecosystem, Jupiter and Meteora are the most directly benefited projects. Jupiter, long the most active aggregator on Solana, was expected to capitalize on this trend. Slightly more surprising is Meteora, which has been relatively low-key in this cycle and previously ranked behind Raydium in data volume. In terms of growth, Meteora might be the biggest beneficiary of the TRUMP token craze, raising the question whether this boon is temporary or the start of a transformation.
Daily Trading Volume Soars 8x Following Trump's Token Launch
Before January 18th, Meteora's daily trading volume was around 500−600 million. On January 18th, however, this figure surged to 3.99billion,markinganeightfoldincrease.Thefollowingdays,19thand20th,alsowitnessednewhighs,withtradingvolumesof6.1 billion and $4.7 billion, respectively.
Significant Growth in Active Addresses
This data change is also reflected in the number of active addresses, which saw a notable increase. Typically, Meteora's active addresses hover between 120,000 and 130,000, with no significant changes. On January 18th, this number grew to 550,000, and to 700,000 and 640,000 on the 19th and 20th, respectively, marking an increase of up to 5.8 times.
Did Meteora Ride Jupiter's Coattails?
The main reason for these changes is undoubtedly the trend of token issuance by the Trump family. Data shows that, as of January 21st, seven out of the top ten most popular trading pairs on Meteora were related to Trump tokens, mainly centering around TRUMP and MELANIA.
What Makes Meteora Stand Out?
These changes stem from the benefits brought by the Trump family's token issuance. From an ecological perspective, what makes Meteora appealing to the Trump family?
In reality, there isn't much news about Meteora. Founded in 2021, it is one of the earliest liquidity platforms on Solana. Co-founded by Ben Chow and the well-known Meow, who are also the co-founders of Jupiter, Meteora shares the same origin as Jupiter. Originally named Mercurial Finance, Meteora issued the MER token in 2022 but, due to the impact of the FTX collapse, the team decided to rebrand as Meteora, abandon MER, and plan to reissue a new token, MET. To date, MET has not been issued, with previous announcements suggesting a potential launch in February 2025.
Comparing Meteora and Jupiter
Comparing the data of Meteora and Jupiter, it can be seen that Meteora lags behind Jupiter in terms of user scale and capital flow volume. However, it has seen a more significant increase during this TRUMP token boon. On January 18th, Jupiter's daily trading volume surged to 16.8billion,andonthe19th,itsetanewrecordof20.6 billion. Before this, the daily data was generally around $6 billion. From this perspective, the issuance of the TRUMP token mainly valued Jupiter's user scale and liquidity. Meteora's involvement seems more like a team-backed effort to boost expectations for its upcoming token launch.
Solana DeFi Landscape Undergoes Subtle Changes
In addition to Meteora and Jupiter as the preferred partners for this issuance, other DEX products have also seen significant data improvements as trading heat increases. Raydium's trading volume more than doubled after January 18th, with the highest daily trading volume reaching $13.8 billion. However, the growth in active users was modest, increasing by about 30% from usual levels, peaking at around 4 million daily active users. Moreover, protocols such as lifinity, orca, and phoenix also saw notable growth.
Meteora Emerges as the Biggest Winner
According to Blockwork data, Meteora's share of MEME coin trading on Solana was usually below 10%, but this proportion rose to 60% starting from January 18th. This primarily came at the expense of Raydium's market share, which was previously around 90%. After the TRUMP token issuance, Raydium's share dropped to less than 30%.
Competitive Landscape Intensifies on Solana
As Solana's position in the MEME sector becomes unshakeable, competition within the Solana ecosystem has intensified. The Trump family's token issuance presents a historic opportunity for Jupiter and Meteora. According to Jupiter and Meteora, the TRUMP token launch is the biggest release in the cryptocurrency space.
Results and Implications
The opportunity seized by Jupiter and Meteora has indeed brought significant changes. From a cause perspective, compared to the Pump.fun and Raydium duo, Jupiter and Meteora appear more suitable for the president's token issuance needs from a compliance or branding standpoint.
It remains to be seen whether Trump's token issuance will spark more politicians or celebrities to follow suit, as expected by the outside world. If such a trend emerges, the Jupiter and Meteora duo seems to have more opportunities to seize market share from Pump.fun and Raydium through strategic token launches.
After all, personally issued MEME coins now seem unlikely to become golden tickets, including the recently popular AI Agent-type tokens, which all have professional teams and organizations behind them. Judging from Meteora's performance, Pump.fun's advantage seems to be weakening.
PenelopeThe Security Advantages of Monad
Background: Ethereum's Gas ModelIn the past three years, more than four billion dollars' worth of assets have been stolen due to on - chain vulnerabilities. These losses have become one of the biggest obstacles to the mainstream adoption of decentralized applications (DApps). The main reason is that the cost of implementing security measures for smart contracts on Ethereum is very high. While minimizing users' gas fees, Ethereum developers often face a difficult trade - off as they have to gi...
PenelopeHow Are Young People Igniting a Meme Frenzy with $HOUSE to Revolt Against Soaring Housing Prices?
In 2025, the Solana ecosystem’s meme coin $HOUSEcoin has rapidly risen with its anti-property-ownership narrative, reaching a peak market cap of $80 million. The Meteoric Rise of $HOUSEcoin On April 27, 2025, the market capitalization of $HOUSEcoin (HOUSE) on Solana surged to $75 million, hitting an all-time high. Launched on March 25 via the Pump.fun platform, the project catapulted from obscurity to a crypto community sensation in just one month. Its official slogan, “Flipping the Housing M...
PenelopeRankings Updated! $100M-Valued Fogo Testnet Live! New Play Mechanism Announced, Soaring Popularity!
Recent Updates on FogoApril 7th: The Flames leaderboard went live!April 1st: Fogo's testnet was launched, revealing the Fogo Flames play mechanism.Light the Torch: At the end of each week, Flame allocations are calculated and granted. These allocations accumulate over time, contributing to users' total scores on the leaderboard. Complete tasks, stack flames, and become a contributor. Some actions are more valuable than others. The more you contribute, the higher you climb. Introduction to Fog...
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