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GMGN Earns $60M in SOL, Powers Solana Growth

GMGN Earns $60M in SOL, Powers Solana Growth

CoinomediaCoinomedia2025/04/06 14:22
By:Isolde VerneIsolde Verne

GMGN earns $60M in SOL fees, stakes all to support Solana. Transaction speed hits 0.58 seconds.GMGN Stakes $60M to Boost SolanaSolana’s Speed Keeps ClimbingConfidence in the Ecosystem

  • GMGN has earned $60M in SOL from transaction fees
  • All earnings are staked, not sold, to support Solana
  • Solana transaction time now averages just 0.58 seconds

GMGN Stakes $60M to Boost Solana

Haze, co-founder of the meme-based tool GMGN, revealed that the platform has earned approximately $60 million in SOL through transaction fees. What’s remarkable is that not a single token has been sold. Instead, GMGN has staked all of its SOL earnings—showing a strong commitment to the Solana ecosystem.

This strategic move strengthens Solana by increasing network stability and decentralization. Staking helps secure the network and supports validators, which is crucial as Solana continues to scale and compete with other Layer 1 blockchains.

Solana’s Speed Keeps Climbing

In addition to the staking news, Haze highlighted that GMGN has helped push Solana’s transaction time to an impressive 0.58 seconds. This is a standout figure in the blockchain world, where speed often makes or breaks user experience.

Solana is already known for its high throughput and low latency. Reaching sub-second transaction finality makes it even more attractive for decentralized apps (dApps), meme tokens, and high-frequency DeFi platforms.

Haze, co-founder of the meme tool GMGN, said that GMGN has earned about $60 million in SOL through fees, all of which have been used for staking and not sold to build Solana. He said that GMGN's Solana transaction time has now reached 0.58 seconds. https://t.co/Yr0kUBLbgE

— Wu Blockchain (@WuBlockchain) April 6, 2025

Confidence in the Ecosystem

GMGN’s approach reflects a deep belief in Solana’s future. Rather than taking profits, the team is reinvesting into the chain—helping to strengthen it at a foundational level. This not only benefits GMGN users but also the broader Solana community.

As more developers and platforms follow suit, staking could become a new standard for showing ecosystem loyalty. In a time when many projects are focused on quick gains, GMGN’s long-term vision sends a bullish signal for Solana believers.

Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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