Of the 181,000 new tokens launched on decentralized exchanges (DEXs) last week, 89% were issued on the Solana (SOL) network, reports The Block. However, only about 1% of those tokens were listed on Raydium. “We believe that Solana-based meme coin issuance platforms such as pump.fun have built an efficient infrastructure for token distribution,” the media outlet said, adding, ”We expect Solana to gain ground in the near term for new token issuance. This is supported by the network's technical advantages such as low fees and fast transaction times. However, the low listing rate indicates the speculative nature of this activity.”
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