（来源：吴说） 吴说获悉，据 Top Ledger 数据，自 Solana Mobile 空投以来，Seeker 代币 SKR 累计交易量已超过 2 亿美 元；现约 85% 的空投总额已被领取；SKR 的链上交易量主要在 Meteora 中完成，占据了 57.4%。 ...

Core Insights - 2025 marked a significant breakout year for Solana, evolving from a high-throughput blockchain to a comprehensive financial ecosystem characterized by real revenues, deep liquidity, and sustained trading activity [1] Application Revenues - Applications on Solana generated a total of $2.39 billion in revenue in 2025, representing a 46% year-on-year increase and setting a new all-time high [2] - Seven applications surpassed the $100 million revenue mark, including Pump.fun, Axiom Exchange, Meteora, Raydium, Jupiter, Photon, and BullX [2] - Projects earning under $100 million collectively generated over $500 million, indicating a diverse revenue generation across the ecosystem [3] Network Performance - Solana's network revenue reached $1.4 billion, a forty-eight-fold increase over two years [4] - The network processed 33 billion non-vote transactions, or 116 billion including votes, averaging over 1,050 non-vote transactions per second [4] - Daily active wallets averaged 3.2 million, a 50% increase year-on-year, with over 725 million new wallets executing transactions [5] - Average transaction fees fell to $0.017, with median fees near one-tenth of a cent [5] Asset and Institutional Activity - Stablecoin supply on Solana ended the year at $14.8 billion, more than doubling year-on-year, with $11.7 trillion of stablecoins transacted across the network [6] - Tokenized equities launched with a supply of $1 billion and trading volume of $651 million [6] - Bitcoin-related trading volume surged fivefold to $33 billion, with on-chain BTC supply doubling to $770 million [6] - Staked SOL reached a new high of 421 million tokens, and Solana-linked exchange-traded products saw $1.02 billion in net inflows, indicating increased institutional engagement [7] Trading Volume and Market Dynamics - Decentralized exchange (DEX) volume reached $1.5 trillion in 2025, a 57% year-on-year increase [8] - SOL-stablecoin pairs accounted for $782 billion in trading volume, with twelve DEXs processing over $10 billion each [8] - Automated market makers captured more than half of aggregator volume, while memecoin trading generated $482 billion in volume [9] - Launchpads doubled their revenues to $762 million, facilitating the creation of 11.6 million tokens [9]

Performance Overview - The Official 67 Coin (67) shows a significant increase of +954.52% [1] - Surge (SURGE) increased by +47.92% [1] - Zera (ZERA) increased by +46.81% [1] - Alchemist (ALCH) increased by +25.13% [1] - Meteora (MET) increased by +13.05% [1]

Market Overview - The market is currently retesting support near $101,000 after a decline from $103,000, reflecting a decrease of 0.88% amid rising market anxiety, as indicated by a Fear & Greed Index of 25 [1] - Perpetual open interest has increased by 1.75% to $845 billion, while funding rates have surged by 82%, with Binance liquidating over $120 million in long positions [1] ETF and Institutional Activity - Despite recent pullbacks, ETF inflows and decreasing exchange reserves indicate ongoing accumulation, with analysts projecting a target of $114,000 by the end of the month [2] - Institutional ETH ETF holdings have reached $13 billion, and new IRS guidance on staking income has enhanced investor confidence [4] Altcoin Performance - Several altcoins are showing strong momentum, with ZORA, STORY, and Meteora leading gains as major assets consolidate [5] - Recent SEC updates on token classification have bolstered altcoin sentiment, with notable outperformers seeing increases of 573%, 196%, and approaching quarterly highs, suggesting the potential onset of an altseason [6] Specific Token Developments - A specific token gained 4% to $2.50 due to progress toward ETF approval, with the SEC clearing S-1 filing delays and Ripple expanding global adoption; this token has surged over 400% in 2025, with long-term targets set above $100 [3] - ZORA climbed 19.5% to $0.059 amid viral minting activity, while STORY rose 6.9% to $3.92, and Meteora jumped 26.9% to $0.506, reflecting strong interest and revenue generation in their respective sectors [8]

Top Launchpads Performance - four.meme 以 1071 万美元的 7 日费用位居榜首 [1] - Pump 以 609 万美元的 7 日费用排名第二 [1] - Meteora 的 7 日费用为 115 万美元 [1] - clanker 的 7 日费用为 50727 万美元 [1] - Zora 的 7 日费用为 47605 万美元 [1]

Market Position - HumidiFi has become the largest DEX on Solana [1] - HumidiFi operates without a frontend and uses private quoting, with trades typically executed via aggregators [1] Trading Volume - HumidiFi's 24-hour trading volume reached $1.1 billion [1] - HumidiFi's 7-day trading volume reached $9.698 billion [1] - HumidiFi's 30-day trading volume reached $34 billion [1] - HumidiFi's trading volume surpassed Meteora, Raydium, and Pump [1]

meteora launching at $500m fdv with pre-market trading at $1-1.5b. anyone who bought $met perps on hyperliquid is instantly underwater unless price triples from launch. 48% of supply hits circulation day one with 100% unlock. largest float percentage i've seen for a major solana launch. mercurial bagholders control 12% of supply getting airdropped tokens from a dead project. this either reprices to pre-market levels immediately or becomes the biggest valuation trap of q4. ...

You guys know I've been a looooooong time user of Meteora and I'm in line to get a pretty sizable airdrop (well within top 200 wallets).I think this update today is good for transparency on the upcoming TGE.It's kinda crazy to see waterfall effects from FTX still existing years later, but I think it's cool that teams are honoring commitments made well in the past even after they've pivoted and found PMF.I think after accounting for team tokens in the Mercurial distribution it winds up being ~12% of token go ...

Last post before gn...Think these two airdrops are being slept on atm:- Meteora (feels like everyone forgot about it)- Yeet (Legendary is going to get a generational payout from this)think Meteora probably happens sooner than ppl expect...i showed everyone how to use DLMMs moooooooonths ago during AI/meme madness. Many of you will probably print big on it ...

DeFi & Traditional Finance Convergence - Potential integration of US equities into DeFi platforms like Meteora for LP farming [1] - Questioning the possibility of earning fees through liquidity provision (LP) with US equities on DeFi platforms [1]