Fomo overtakes Pump.fun in daily revenue on Solana
75·AShort
n
news9/7news
COINTELEGRAPH: Fomo overtakes Pump.fun in daily revenue on Solana
70·B+Short
n
news9/7news
Fomo overtakes Pump.fun in daily revenue on Solana
70·B+Short
n
news9/7news
How does this turn into a PvE cycle?
To be clear, I don't actually think we're really there. I don't believe retail is fully here like they were back in 2021/2024 and I think that it's still mostly the same hot ball of money moving around. There are signs that some normies are coming onboard w/ social apps and some of these onchain ceilings, but I don't think we've really seen insane mania yet. It feels a bit like the early stages of a bull market....like October 2020 or November 2020 or something around there.
I actually don't think we'll see insane mania like we did back in 2021 or 17 (I hope I'm wrong there). A cycle equal to 2024 would be great to see but I do think that onchain won't be as insane as we saw back then (again, I hope I'm wrong).
With that said, what would actually change this? What would turn us to actual PvE (player vs. environment), where normies are coming in huge and buying our bags? (I think any combination of the below can happen fwiw)
IMO:
1) BTC cracks ATH with strength and is on a moon mission to 200k+. This one is obvious and doesn't need much explanation. Maybe this cycle is different where we don't actually need bitcoin to do huge numbers since retail flow has mostly always been about altcoins and the market is just structurally different as time has gone by. But even still, this is the easiest answer and it's been the solution for every past bull market. BTC bottoms and extra new money flows in.
2) AI x Crypto is real. That money flows into crypto from a narrative perspective and we get a lot of flow from wall street and AI investors. We saw glimpses of this in 2024, where the AI agent wave with GOAT and ai16z brought about a lot of tech junkies who were experimenting onchain. Ofc all of this was larp but it brought in real outside money. AI has been the story for all of 2025/26 in stocks and those have had insane moves - if even a fraction of that $ comes over, we will be partying.
3) Robinhood is real and we actually get tons of retail flow. This is the one that makes the most sense to me personally and the relationship is clear to me. There are dozens of posts written about this already but the stock x meme combo is really intriguing and I wouldn't be surprised to see the next wave of interesting DeFi tokens spawn from this chain / cycle. We haven't had true innovation in that area since 2020 IMO, let's see if that changes.
4) Something new gets built that brings about huge retail investors. In the past, this was sold as 'cutting edge tech' and being on the frontier. These days, I think that most of the tech happens onchain (investable tech that is) and everything else (perps, privacy, prediction markets, stables) are bigger infrastructure projects that will mostly take over the past ones (big L1s, AAVE forks, etc). I actually don't have the answer for this one because I don't see it yet but there probably will be something. In 2024 it was more pumpfun and all of the onchain madness, in 2021 we had a variety of things (economic stimulus, gaming, new L1s, etc). Innovation has largely diminished with each cycle IMO (which makes sense because anything new or exciting was thought of in previous cycles). But there's probably going to be something.
If we do get PvE, where does that $ flow? IMO onchain. Nobody is really interested in buying these huge fdv infrastructure tech projects right now. Maybe that changes and maybe we see an insane bid for Monad or something along those lines...but I don't personally see it. People are in crypto to get rich and I think everyone knows the gig at this point and they aren't interested in buying this high fdv dogshit anymore. Unless something materially changes with these token structures, I'm mega bearish on all of those.
Should be a fun cycle regardless. Still think we're in the early stages
55·BLong
n
news9/6news
fundamentally it’s about culture.
it’s no longer a STRONG DEFAULT to have kids in your 20s.
it’s hard to change strong defaults, but some thoughts:
1/ government-funded influencer programs.
literally pay content creators A LOT for parenting content that gets views. it’s called “influencer” for a reason. instead feeds filled with single people doing yoga retreats in Bali at 38, you’ll see people in their 20s having fun with their kids. “I want that life”. it should be high status to have kids young.
2/ re-normalize one breadwinner per household.
achieve extreme growth in productivity via robots and AI. increase wages to the point where a family only needs one person to work. doesn’t matter if it’s the man or woman. the other stays at home and takes care of the kids. full employment is a trap.
3/ collapse the housing market.
I generally don’t believe in the idea that people don’t have kids due to finances. they just prioritize differently. however, housing is the #1 cost for most people. and it’s radically more expensive to buy today than it was 50 years ago. we need to rip of the bandaid here, and reduce dumb regulations that prevent developers from building more units. this will crash prices which will be HARD due to the strong link between mortgages and money printing. but it’s needed.
—
most governments just beat around the bush and offer incentives here and there that have no real effect.
the mindset has to be: we need to change culture.
we need to change what a 21 y/o DESIRES. and desire is memetic. if you see other people wanting something, you want that thing too. see Girard.
housing is a challenge that needs to be solved, but this is not really about finances. it’s about re-programming STRONG DEFAULTS.
5·CNeutral
n
news9/4news
The Bright Side: Onchain Growth
Price action often overshadows the progress we're making as an industry. When prices are suppressed, pessimism floods timelines and it feels like it's all over. That's a disservice to the teams still building. Growth should be celebrated, not just green candles. So we're launching The Bright Side: short pieces, charts, and quick commentary, all on the growth we're seeing in crypto. Bringing optimism and drawing attention to what moves us forward. This first issue covers onchain activity that's picked up over the summer. Overall activity is nowhere near past peaks, and yet certain ecosystems and protocols have found ways to thrive. Life in the Solana trenches @solana processed 1.32B transactions in the week of August 23, past the 800M peak of the 2024-2025 memecoin season. That’s roughly double its January base. A revival in memecoin trading on @Pumpfun drove most of it, with @fomo as the new entrant.
@Pumpfun's weekly revenue has grown for six weeks straight, from $6M in the week of July 13 to $17.5M in the week of August 24, with daily active wallets hitting a high of 673k. @fomo, the hit social trading app peaked at 93K daily active users on Solana. Beyond transactions, revenue is picking up as well. Solana application had $143M in revenue in August, the most since January and 81% above the April low. Coinbase <> Base pipeline @base TVL crossed $5.5B on August 26, a high for the year and just under the $5.58B record set on October 7, 2025. $3.9B of that, or 70%, sits in @Morpho markets, and $3B of it is cbBTC deposited through @coinbase crypto-backed loan product built on Morpho. Because that collateral is bitcoin-denominated, holding $3B through a year in which BTC fell roughly 37% reflects the growth in the deposit base grew substantially in BTC terms.
Uniswap's Robinhood Chain payoff Uniswap processed 39.9M swaps in the week of August 24, up 4.3x from an April low of 9.2M and 38% above the prior high of 28.9M a week earlier. The fee switch turns that activity into supply reduction. The protocol executed its largest dollar-value UNI burn on August 21, roughly 150,000 UNI worth about $590,000.
Robinhood chain is the reason behind the surge. Over $30B in DEX volume has run through Uniswap on the chain since its July 1 launch, accounting for 91% of all DEX volume there. Robinhood Stock Tokens make up $1.3B while crypto-native tokens and memecoins make up the rest. Stable active address growth Monthly active stablecoin addresses reached 55.3M in July, up 25% year-on-year. USDT accounted for 69%, with USDC representing 27%. Although stablecoin supply has remained at ~$300B since the start of the year, address counts have continued to grow. The demand behind them is payments and dollar access, on top of being trading collateral. Retail-sized transfers hit a monthly record of 162M transactions in August, reflecting the rise in consumer adoption.
And that’s a wrap for this issue. Prices will do what they do. Builders keep shipping, products that work keep compounding and the industry keeps growing. More charts and commentary to come.
75·ALong
n
news9/4news
The Bright Side: Onchain Growth
Price action often overshadows the progress we're making as an industry. When prices are suppressed, pessimism floods timelines and it feels like it's all over. That's a disservice to the teams still building. Growth should be celebrated, not just green candles.
So we're launching The Bright Side: short pieces, charts, and quick commentary, all on the growth we're seeing in crypto. Bringing optimism and drawing attention to what moves us forward. This first issue covers onchain activity that's picked up over the summer. Overall activity is nowhere near past peaks, and yet certain ecosystems and protocols have found ways to thrive.
Life in the Solana trenches
@solana processed 1.32B transactions in the week of August 23, past the 800M peak of the 2024-2025 memecoin season. That’s roughly double its January base. A revival in memecoin trading on @Pumpfun drove most of it, with @fomo as the new entrant.
@Pumpfun's weekly revenue has grown for six weeks straight, from $6M in the week of July 13 to $17.5M in the week of August 24, with daily active wallets hitting a high of 673k.
@fomo, the hit social trading app peaked at 93K daily active users on Solana. Beyond transactions, revenue is picking up as well. Solana application had $143M in revenue in August, the most since January and 81% above the April low.
Coinbase <> Base pipeline
@base TVL crossed $5.5B on August 26, a high for the year and just under the $5.58B record set on October 7, 2025. $3.9B of that, or 70%, sits in @Morpho markets, and $3B of it is cbBTC deposited through @coinbase crypto-backed loan product built on Morpho. Because that collateral is bitcoin-denominated, holding $3B through a year in which BTC fell roughly 37% reflects the growth in the deposit base grew substantially in BTC terms.
Uniswap's Robinhood Chain payoff
Uniswap processed 39.9M swaps in the week of August 24, up 4.3x from an April low of 9.2M and 38% above the prior high of 28.9M a week earlier. The fee switch turns that activity into supply reduction. The protocol executed its largest dollar-value UNI burn on August 21, roughly 150,000 UNI worth about $590,000.
Robinhood chain is the reason behind the surge. Over $30B in DEX volume has run through Uniswap on the chain since its July 1 launch, accounting for 91% of all DEX volume there. Robinhood Stock Tokens make up $1.3B while crypto-native tokens and memecoins make up the rest.
Stable active address growth
Monthly active stablecoin addresses reached 55.3M in July, up 25% year-on-year. USDT accounted for 69%, with USDC representing 27%. Although stablecoin supply has remained at ~$300B since the start of the year, address counts have continued to grow. The demand behind them is payments and dollar access, on top of being trading collateral. Retail-sized transfers hit a monthly record of 162M transactions in August, reflecting the rise in consumer adoption.
And that’s a wrap for this issue. Prices will do what they do. Builders keep shipping, products that work keep compounding and the industry keeps growing. More charts and commentary to come.