- CoinSnacks
- Posts
- SOL Summer
SOL Summer
Despite market headwinds and a turbulent narrative around memecoins, Solana generated more revenue in Q1 2025 than all other Layer-1 and Layer-2 networks combined.
Luke Ostapchuk, Dillon Newman & CoinSnacks
April 30, 2025
Galaxy Announces Intent to List on Nasdaq on May 16
The company announced today that it intends to uplist subject shareholder approval on May 9th. This is a long time coming for Galaxy and something we have discussed for years here at CoinSnacks as a catalyst for the company. Congrats to the team. Let’s see what they can do now.
Excited to share that @galaxyhq plans to list on @Nasdaq on May 16, pending shareholder approval on May 9.
We believe this listing will position Galaxy to better serve investors across the digital asset and AI ecosystems and help unlock the next phase of our growth.
$GLXY
— Mike Novogratz (@novogratz)
11:54 AM • Apr 30, 2025
Solana’s Revenue Outpaces Every Other L1 and L2
Coinbase Institutional and Glassnode just released their latest report, Charting Crypto Q2 2025, containing great charts and key trends shaping institutional crypto strategy this quarter. Below, we picked one that we thought was interesting: SOL’s Quarterly Revenues. Despite market headwinds and a turbulent narrative around memecoins, Solana generated more revenue in Q1 2025 than all other Layer-1 and Layer-2 networks combined.
TRUMP token is showing memecoin utility whether you like it or not
We all hear the trope that memecoins have zero value. Well, Donald Trump is testing that narrative with recent announcements. On April 23, the TRUMP memecoin team announced plans for an exclusive dinner for the top 220 holders of the token, with the top 25 receiving a meet-and-greet with the President. According to Kaiko, this led to on-chain activity spiking, with nearly 10,000 wallets transferring TRUMP tokens that day, a 200% increase. The announcement also led to a 60% price jump (from $9 to $14.50).
