Solana records 263,000 new SPL tokens in one day; Pump.fun generates $1.8 million

Solana saw a record-breaking 263,000 new SPL tokens issued in a single day, five times the peak volume seen in late 2024. The meme coin platform Pump.fun accounted for over 80% of this activity, generating $1.8 million in revenue over 24 hours. In the first quarter of 2026, Pump.fun contributed one-third of Solana's total network revenue, signaling its transition into a stable income source despite the cooling meme coin market.