Solana records 263K tokens minted in single day, surpassing memecoin peak

Solana’s blockchain recorded its highest daily issuance of new tokens in history, with over 263,000 Solana Program Library (SPL) tokens minted on Wednesday, according to Solscan. This milestone surpassed the previous peak of 40,000 to 50,000 tokens per day observed during the height of the memecoin cycle in December 2024. Among the newly minted tokens, 40,360 were distributed through launchpads, with the majority—34,184 tokens—issued by Pump.fun, a Solana-native platform specializing in memecoin launches. Launchpads streamline the creation, deployment, and trading of new tokens, automating processes that otherwise require technical expertise and providing immediate liquidity and market visibility for new assets. Pump.fun remains the leading Solana protocol in daily revenue, generating $1.8 million in the past 24 hours, though its dominance was briefly challenged last Friday by Fomo, a trading app with social-media-inspired features. Despite a recent slowdown in memecoin activity, Pump.fun accounted for roughly one-third of Solana’s first-quarter revenue in 2026, contributing $124 million out of a total $342 million.