Solana saw a memecoin boom in April, with over 1.2 million SPL tokens minted, mostly via Pump.fun. Daily minting ranged from 30,000 to 55,000 tokens. Memecoins made up 95% of DEX trading volume (excluding SOL and stablecoins). Solana earned $414M in fees, while Pump.fun generated $296M year-to-date.