Meteora accounts for a major portion of the blockchain activity on Solana.
Meteora surpassed Pump Fun by generating $5.37 million in fees in the last 24 hours.
The Solana ecosystem is thriving with memecoin trading activity. It surpassed Ethereum in terms of memecoin creation and trading with sophisticated DeFi platforms. Pump Fun has been a popular memecoin creation platform, giving birth to numerous memecoins on the Solana blockchain. Another Solana DeFi platform, Meteora, is creating waves in the Solana ecosystem by surpassing Pump Fun in terms of fees generated.
Meteora: The Top Fee-Generating DeFi Platform on Solana
Source: DeFiLlama
As per the open-source analytics website DeFiLlama, Meteora climbed up to be the top fee-generating DeFi platform on the Solana blockchain. It generated $5.37 million in the last 24 hours, followed by Pump Fun and Jupiter with $2.47M and $1.71M, respectively. The next two Solana DeFi platforms are Jito and Axiom, with $1.69M an
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