Eneko Knörr also noted that Solana’s ($SOL ) ecosystem could become more attractive soon, thanks to the first Solana staked exchange-traded fund (ETF) registered in the U.S:
Riding the ETF wave and scalability gains, key Solana tokens like RAY and ORCA remain strong short-term plays.
👉Raydium ($RAY ) and Orca ($ORCA ) are decentralized exchanges (DEXs) on Solana with their own tokens listed across platforms. Raydium remains one of the most popular projects, especially after launching its meme coin launchpad, LaunchLab.
👉In June, Raydium ranked fifth among Solana’s top 15 DeFi projects by revenue, earning $6.17 million. Pump.Fun continues to lead in revenue, although a recent Cryptonews study showed its numbers have dropped significantly from peak levels.
👉Meme coins and their “infrastructure” remain some of the most profitable segments on Solana. For example, Axiom ranked second by revenue in June. It’s a wallet and platform mainly used for meme coin trading. However, with the Solana staked ETF, this picture could change.
Knörr added:
Ecosystem projects drive adoption, while ETF approval odds for SOL sit at 95% in 2025. Potentially unlocking $1B+ inflows.
👉Moreover, a spot Solana ETF approval is expected this year, potentially bringing even more liquidity and institutional interest. This could help shift Solana’s reputation away from being just a meme coin blockchain and attract a new class of investors. #REX-OSPREYSolanaETF #solana #RAYTrade
