$TRUMP Coin: The Solana Effect
Solana is the first blockchain to have an American president create a meme coin. Let that sink in; but what does the $TRUMP mania mean for crypto and web3 in general?
Solana has once again demonstrated its dominance in the blockchain space, achieving new milestones and proving why it’s the world’s most widely used blockchain. With the launch of $TRUMP coin, Solana has entered uncharted territory, setting records and redefining the possibilities of crypto innovation.
Here’s a deep dive into what this means for the crypto world and the broader adoption of blockchain technology.
A Historic Launch
On January 18, 2025, at 3:44 AM UTC, the $TRUMP coin was launched on Solana. Created by President Donald Jr. Trump, the token embodies the ethos of “winning” and became an overnight sensation.
From $0 to a staggering $73.43 billion in fully diluted valuation, the $TRUMP coin surpassed $DOGE, which holds a fully diluted valuation of $58 billion, to become the top meme coin by valuation.
This historic launch solidified Solana as the home for meme coins, with over 1,100 meme tokens now tracked on Coingecko under the Solana ecosystem.
As of December 26, 2024, Solana had facilitated the creation of over 5.1 million tokens through platforms like Pump.fun, underscoring its capability to scale with ease.
Breaking Records: DeFi and On-Chain Volume
The launch of the $TRUMP coin came with groundbreaking statistics for Solana. On the same day, Solana recorded its highest-ever daily on-chain volume, reaching $35.89 billion.
For context, the only other blockchain to surpass this figure was Ethereum, with a daily volume of $140 billion in December 2020. This surge in activity highlights Solana’s ability to handle massive demand while maintaining efficiency.
Stablecoins: A Surge in Demand
In the days following the launch of the $TRUMP coin, Solana witnessed a significant inflow of stablecoins. Between January 18 and 20, $3.51 billion in stablecoins entered the ecosystem, boosting Solana’s total stablecoin market cap to $9.88 billion — a remarkable 67.5% increase in just one week.
USDC, issued by Circle, remains the leading stablecoin on Solana, commanding a 78.24% market share.
This month alone, Solana processed $201.68 billion in stablecoin transactions, surpassing the combined volume of the other top 10 blockchains.
Total Value Locked (TVL)
Solana’s Total Value Locked (TVL) reached $11.043 billion, a significant achievement for a blockchain that will celebrate its fifth anniversary in March 2025.
Consumer Apps: Transforming the User Experience
Solana’s impact extends beyond DeFi and meme coins. On January 18, during the $Trump coin frenzy, Phantom, one of Solana’s leading wallets, recorded over 8 million user requests per minute.
In a single day, Phantom handled $1.25 billion in volume and facilitated 10 million transactions.
Phantom’s growth isn’t limited to blockchain users. It is now the 15th most downloaded app on the iOS Store in the United States, marking a new era for blockchain adoption in mainstream consumer applications.
Solana and the Creator Economy
The rise of $TRUMP coin and similar meme coins reflects a growing trend:
the intersection of blockchain technology with creator-driven economies, it’s only a matter of time when all creator communities have their meme coin or fan token.
Back in 2021–2022, during the WallStreetBets craze, platforms like Robinhood saw a surge in activity as students, workers, and the average user flocked to trade trending coins.
We’re living in a creator economy in 2025 and Solana is a fertile ground for creators to explore.
Today, Solana is at the forefront of a similar wave, with its scalable technology and low transaction costs enabling:
- Celebrity and Fan Tokens: Celebrities and influencers can create tokens with real-world utility, such as exclusive access, private sneak peeks, pre-album launches, or tokenized assets.
- Content as NFTs: Creators can turn their videos, podcasts, music, and other content into NFTs that fans can own, trade, and earn from directly.
- Comprehensive Tools: From cNFTs to on-chain events and tokenized merchandise, Solana provides creators with everything needed to engage their audience and monetize their work.
Empowering Innovation
Solana’s combination of speed, scalability, and seamless consumer apps is transforming the creator economy. It empowers developers, artists, writers, and other innovators to connect directly with their audience and build sustainable businesses.
Communities like SuperteamNG and SolanaAllstars are fostering collaboration and growth within the Solana ecosystem, ensuring that creators have the tools and support they need to thrive.
The Future of the Creator Economy on Solana
As Solana continues to break records and attract new users, it is shaping the future of decentralized economies. Its ability to scale, adapt, and innovate makes it a hub for developers and creators alike.
Whether you’re a builder, artist, or simply a blockchain enthusiast, Solana is proving to be the platform of choice for pushing creative boundaries and unlocking new opportunities in the digital world.
Let’s build the future together on Solana.
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Disclaimer
This article is for information & educational purposes only. None of this is financial advice for investing in crypto.
