Although Pump Schwarp has processed more than $18 billion in deals since its debut on Solana’s Pump.Fun Launchpad on March 19, locking its total value to more than $100 million.
Daily trading this month has remained above $500 million, with 500,000 active on May 5, a 30% increase since April, opposing earlier warnings to Memecoin Condown.
A large part of the activity comes from traders to quickly enter and exit new tokens, with the help of quick and simple Encrypted wallet Connect directly to the Solana application. With easy access and smooth user experience, it’s easier for people to join as soon as possible, transfer funds and react to the market as the meme coins move.
But despite the impressive performance of Saul, there are still some doubts about the sustainability of its business model. Sygnum and other experts raised concerns about the heavy reliance on blockchain’s volatile memorial industry’s dependence on revenue.
Although institutional investors tend to prioritize stability and security, which often keeps Ethereum in focus, Solana still has a share of its backers. SRX Health Solutions Last week, it made headlines, acquired $1.5 million for more than $1.5 million as part of its broader asset diversification strategy Bitcoin and gold.
The timing of the SRX move was not lost on market observers. Bitcoin has just cleared the $100,000 mark, the first hike since January that it could surpass its all-time high by the end of the month.
With the rising momentum of political censorship: a new proposal Senate Democrats The U.S. president will be banned from holding or promoting cryptocurrencies, which is a clear response to the Trump campaign’s sudden embrace of Bitcoin donations and token platforms.
Institutional capital is pouring in, and as regulators conduct scrutiny creates a split-screen moment—a large volume of volumes on one side, and augmenting legal pressure on the other.
Meanwhile, the Fed has not yet had a clear signal for easing rates, which further provides confusion for traditional markets. As Treasury earnings are stuck and inflation remains above target, capital will continue to pour into high-risk high-rise assets, including crypto.
Chain activity reflects the transformation. Solana’s Network Transaction throughput has been seen climbing to over 1,000 TP, bringing Ethereum’s current interest rate to a relatively low level and strengthening its position in young businessmen and retail traffic.
What’s different now is that these flows are related to real capital flows. Pumpswap is designed to allow anyone to rotate a token in seconds, and it creates a hyperactive microeconomic that is both chaotic and sticky, and also draws developers, speculators and opportunists.
Despite this, the surface is tension. Solana’s validators are keeping pace with activity, and any network ics could raise new suspicion.
Although Memecoins has dominated the headlines, infrastructure infrastructure (Wallet UX, liquidity tools, token routing) is quietly growing. Even the institutional tables that once regarded Solana as “retail noise” are now running, usually behind closed doors.
According to multiple analysts, the next phase will not only depend on Price changes And it also depends on narrative control. If Trump continues to bring cryptocurrencies into the political mainstream, if business players like SRX continue to allocate real capital, we will be looking for a market that is more than just speculative.
The guardrail is still missing, but the money is already flowing.
