Solana News Today: Solana Apps Outperform Ethereum Amid Meme Coin Stagnation

Generated by AI AgentCoin WorldReviewed byAInvest News Editorial Team
Wednesday, Nov 12, 2025 5:22 am ET1min read
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Aime RobotAime Summary

-

Solana
and BSC meme coin trading volumes dropped, with most tokens fluctuating within 6% ranges as of LookOnChain data.

- Solana apps outperformed

Ethereum
in app revenue ($4.33M vs $1.82M), driven by platforms like Pump.fun despite SOL's 5.4% decline.

- The TRUMP (market cap: $7.8B) showed mixed signals, with $1.8B trading volume and key support levels at $7.95/$6.73 per FXStreet analysis.

- Market consolidation persists as investors await 2025 catalysts, with Solana ETF inflows and institutional interest seen as potential stabilizers.

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On-chain

meme
coin trading volumes on the
Solana
(SOL) and Binance Smart Chain (BSC) ecosystems have declined in recent days, with most tokens maintaining narrow price ranges of less than 6% in the past 24 hours. According to
LookOnChain
data, the market capitalizations and holdings of prominent meme coins on these chains have shown mixed performance, though no significant volatility has emerged.

Among the largest-cap tokens, The TRUMP (market cap: $7.8 billion) dropped 6.6% to $7.83, while The Fartcoin (market cap: $301 million) rose 2.1% to $0.30. Smaller players like The USELESS and JELLYJELLY saw modest gains of 1.2% and 0.8%, respectively, while Binance Life climbed 3.1% to $0.169. Conversely, The 4 (market cap: $59.1 million) fell 5.5% to $0.059, highlighting the uneven dynamics in the sector, according to

LookOnChain
.

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Despite the muted performance of meme coins, Solana's broader blockchain ecosystem has shown resilience amid a broader market downturn. Data from

DeFiLlama
reveals that Solana-based applications generated $4.33 million in revenue over the past 24 hours, surpassing Ethereum's $1.82 million. This marks a reversal of a long-standing trend where
Ethereum
dominated app revenue. Solana's success is attributed to platforms like Pump.fun and
Jupiter
, which have driven user activity despite the recent price decline of
SOL
, currently trading at $151.90, down 5.4% on the day
.

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The mixed signals extend to individual tokens like The TRUMP, which has drawn attention for its potential rebound. On-chain and derivatives data indicate rising open interest (up to $328 million) and trading volume ($1.8 billion), suggesting growing speculative interest. Analysts note that if The TRUMP holds above key support levels ($7.95 and $6.73), it could target a $11.92 rally toward its July high. However, a breakdown below $6.73 risks a further decline to $5.50, according to

FXStreet
.

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The narrow trading ranges observed in meme coins reflect broader market caution. Investors are closely watching whether institutional inflows into Solana ETFs—despite recent cooling—can stabilize the ecosystem. Meanwhile, the lack of significant price swings in meme tokens underscores the sector's current consolidation phase, with traders adopting a wait-and-see approach ahead of potential catalysts in 2025, according to

LookOnChain
.