The Evolution of Solana's Issue Coin Platform: From Monopoly to Co-construction

Recently, the trend of issuing coins within the Solana ecosystem is undergoing subtle changes. Platforms that once enjoyed great popularity are gradually fading from people's sight, replaced by the rise of a new emerging platform. This shift contains profound reasons behind it, reflecting the evolution of user needs and platform philosophies.

The Decline of the Former Dominator

In the past year, a well-known platform has dominated the Solana ecosystem, becoming the most popular Meme coin issuance platform. Its simple operating process has attracted a large number of creators and speculators, setting an astonishing record of launching tens of thousands of Meme projects in a single day.

However, as time goes by, problems gradually come to light:

1. The platform has significant earnings, accumulating over 700 million dollars, but the user return rate is low. Data shows that less than 5% of users can profit over 1000 dollars.

2. Lack of support for the long-term development of the project, failing to bring substantial contributions to the community or ecosystem.

3. The platform announced the issuance of its own coin, valued at up to 4 billion USD, sparking controversy.

In short, the operation model of this platform has gradually evolved into a situation where "the platform makes huge profits, and users become the supporting roles."

The Emergence of New Stars

In April 2025, a new platform led by a well-known Meme coin community emerged. Its arrival immediately attracted widespread attention:

• Attracting 800,000 users on the first day, issuing 2,700 coins.
• Trading volume exceeded 300 million USD within 24 hours
• Over 180,000 coins have been issued to date, far exceeding similar platforms.

The core concept of this new platform is to return profits to the ecosystem, truly embodying the spirit of "co-construction."

Transparency of Profit Distribution

For example, based on the on-chain data from July 7, 2025, the total revenue for that day was 68,768 SOL, distributed as follows:

• 50% used for repurchasing a certain well-known Meme coin
• 25% allocated to platform users
• 15% for ecosystem development
• 10% as platform operating expenses

Substantial Project Support

The new platform not only supports project development conceptually but also provides actual financial support. For example, it directly purchases coins from the market to establish a project library for a certain project and assists it in applying for listing on a first-tier exchange, investing over $600,000. Such in-depth support is rare in the Meme coin field.

User's Choice

The latest data shows that the new platform has surpassed the established platform in several key metrics:

• Token issuance amount: 15,600 vs 11,500
• Market share: 51% vs 39.9%
• The number of popular projects, active users, and daily trading volume are all in a leading position.

Reasons for the Success of the New Platform

The success of the new platform stems from the core concept it conveys:

1. Users are co-builders of the ecosystem, not just participants.
2. The project's goal is long-term development, not short-term speculation.
3. Participation means actual contribution, not idle speculation.

This concept has attracted a large number of users, who are not only looking to issue coins but also seeking a platform where they can participate in and develop deeply over the long term.