Jito Records Record Revenue Thanks to Believe

In the past few weeks, the Solana ecosystem has witnessed a notable change in capital flow and user behavior. While the entire network recorded strong growth in blockspace and staking rewards, a paradox is unfolding: the once-dominant platform Pump.fun is cooling down, while a new name, Believe, has become the hot destination for speculative capital flows. The question is: Is this just a temporary "pump" or the beginning of a new wave?

📊 Comprehensive Picture: Uneven Growth

🔼 Jito Accelerates: Blockspace on Solana Becomes More Valuable

According to data from Jito, Solana's leading liquid staking platform, the average daily tips reached 20,900 SOL (~$3.63 million), a 57% increase from the previous month. This is a record high, indicating an explosive demand for Solana's blockspace – mainly from memecoin trading activities, bot arbitrage, and AI-native tasks.

However, not all platforms are benefiting from this growth wave.

🔻 Pump.fun Loses Steam: Declining Revenue, Cooling Down

Pump.fun – the memecoin launch platform that "exploded" in March and April – recorded a 27.5% decrease in fee revenue, dropping from $18.2 million to $13.2 million in May. The number of tokens launched daily has also decreased compared to the peak period.

While the market is still interpreting the reasons, a new name has emerged as a "black hole" attracting speculative capital flows: Believe.

🚀 What is Believe and Why is it Hot?

✨ Direct Memecoin Launch on X

Unlike Pump.fun, which requires users to access a web interface to create tokens, Believe allows users to "mint" tokens directly on X (Twitter) with just the syntax:

@launchcoin + TICKER

This action instantly creates a token in a bonding-curve pool. If the token reaches a market cap over $100,000, it will be "graduated" to the AMM pool of Meteora, one of the largest DeFi platforms on Solana.

📈 Transaction Tax and Revenue Sharing Model

• 2% transaction tax on each buy or sell.
• This tax is divided: 1% for the development team, 1% for the token creator.
• This creates a financial incentive for founders and encourages the community to promote their memecoin.

💰 LAUNCHCOIN's Unimaginable Growth

The platform's native token, LAUNCHCOIN, recently launched, has increased its market cap from $12 million to $344 million in just 4 days – a figure that even famous memecoins like Dogwifhat must be wary of.

🤯 Capital Outflow from Pump.fun: Reaction or Direction?

On-chain analysis shows that capital previously circulating around memecoins launched by Pump.fun is gradually being withdrawn. Addresses with high trading history with Pump.fun are now experimenting with new tokens launched through Believe.

Three factors explain this shift:

1. Boredom with the old "meta": Memecoin users tend to constantly seek novelty. After a few weeks of explosion, Pump.fun has become "too old" by creative standards.
2. High social interaction: Creating tokens directly on X allows for natural virality, easily triggering FOMO on the timeline – something Pump.fun's traditional web interface couldn't do.
3. Clear revenue sharing: Token creators can earn money directly from transactions, without needing complex mechanisms.

🧨 Existing Issue: Trash or Revolution?

Despite strong growth, over 70% of tokens launched on Believe have dropped more than 50% within a few days. Many tokens have no product, roadmap, or any real value beyond an attention-grabbing name.

A sign of a "scam-factory"? Not necessarily. But it's also too early to confirm this is a sustainable model.

The question is not "Are there many trash tokens?" but "Can this new incentive model produce a few real 'unicorns', like Dogecoin did in 2021?"

🧠 Strategic Insight

Believe is not targeting the seriousness of traditional launchpads. It's not a place for DAOs, audits, or utility tokens with governance models.

It is:

• A playground where attention = market cap
• A model where culture and memes drive capital flows
• An opportunity where the first to go viral can change their life

🔮 Conclusion

The Solana memecoin ecosystem is entering a transformation cycle:

• Pump.fun was the first step: democratizing token creation
• Believe is the second step: socializing token minting, promoting the combination of social media and blockchain

Believe's long-term success will depend on:

• Maintaining creativity and viral loop on X
• Ability to filter out tokens with truly strong communities
• Avoiding becoming a "factory" creating 1000 shitcoins daily

Currently, it is the center of attention. And with memecoins, attention is everything.