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#Solana Validator News: 3.5% stake on latest Frankendancer 0.407.20113 76% upgraded to latest 2.1.14

Haseeb Qureshi, managing partner of Dragonfly, said that he missed the opportunity to participate in Solana's seed round of financing at $0.04 in early 2018. The return on this missed investment was as high as 3,250x, which is the worst investment mistake in his history.…

Solana is marking its five-year anniversary, and while the blockchain has shared key accomplishments, including more than 1,300 validators, nearly $1 trillion in total trading volume, and over 408 billion transactions processed, the focus is clearly on the future. The network made rapid progress in decentralized exchange (DEX) volumes and revenue. In January 2025, Solana applications generated over $28 million in daily revenue, reaching 75% of the market share. Solana also pulled in over 75% of all the tokens ever launched on all blockchains, surpassing all other networks by a wide margin. For comparison, Ethereum reached $4 million in daily revenue (10% market share), BNB $3.11 million (8%), and Base $2 million (5%). Related: Solana Community Rejects Inflation Overhaul While Backing Staking Rewards The upcoming Firedancer upgrade, developed by Jump Crypto, aims to dramatically increase the network’s throughput to a theoretical maximum of 1 million transactions per second, further solidifying its dominance in the scalability arena. Firedancer has been under development since 2022 to address the network’s growing woes. Solana’s core developers like the RockawayX team have successfully deployed Frankendancer, an early version of Firedancer, to its Solana validator. Back then, Kollen House, a longtime member of Solana’s validator community, saw the push for broader Frankendancer adoption as a sign of the software’s “maturity.” This early testing was a crucial step in ensuring a hassle-free launch of Firedancer, which aims to make the network faster, more decentralized, and more resilient. While that has been in the works, Solana continued to dominate in token launches and unmatched DEX activity throughout these years. Related: Solana Revenue Tanks 93%: Meme Coin Market Freefall—Network Earnings Suffer For instance, with the launch of TRUMP and MELANIA meme coins, Solana hit a weekly DEX volume of over $97 billion, nearly double the volume of all other chains combined ($50 billion). Solana’s ability to deliver on its promise of speed and reliability will be critical for its future success – and for the price of SOL. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Earlier in the day, Aptos shared a cryptic post on X, featuring the logo of Pump.Fun accompanied by the phrase ‘Aptos pilled’. Naturally, this has led to speculation of Pump.Fun potentially migrating to the Aptos blockchain, or at the very least, some kind of a collaboration between the two. While there’s no concrete evidence to confirm anything, it’s worth noting that platforms similar to Pump.Fun, such as Emojicoin, have already been developed on Aptos, indicating that the ecosystem supports such initiatives. Emojicoin enables users to create, trade, and swap emoji-tickered meme coins, adding a layer of creativity to the meme coin space. On the other hand, Pump.Fun is a popular platform that allows users to create and trade meme tokens, primarily operating on the Solana blockchain. It has already established itself as a popular choice, though it has seen better days as of late. Starting from mid-February toward today, the platform’s graduation rate (the percentage of tokens that progress from incubation to full tradeability on Solana decentralized exchanges) has fallen below a measly 1%. This points to a huge decrease in the success of newly launched memecoins on the platform. In addition, Pump.Fun’s revenue has been declining since it reached a four-month low. Today, the platform’s protocol fee revenue stood at just slightly below $800,000, which is a big decline compared to late January when it was over $15 million. This could indicate a waning interest in Solana-based meme coins or just meme coins in general. Technically speaking, there are some grounds on why Pump.Fun would utilize Aptos. For instance, multi-chain expansion is becoming more common, as projects seek to tap into different liquidity pools and communities. Furthermore, Solana is already filled with meme coin projects and on Aptos, the competition is much lower. So will this be one big nothingburger or is there some merit to the rumors of collaboration or even migration? Overall, it’s hard to say but considering Pump.Fun’s current state, it makes sense for something to happen. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Yesterday was the 5-year anniversary of Solana's genesis block. A look at some ecosystem milestones: