The Battle of Coin Issuing Platforms on Solana: Rise of New Forces

Recently, the landscape of issuing coin platforms in the Solana ecosystem has quietly changed. The platforms that were once all the rage are gradually losing their luster, while a new emerging platform is rapidly rising, attracting the attention of a large number of users. Behind this “platform shift”, it reflects the change in user demand and the new trends in industry development.

The Decline of the Former Dominator

In the past year, a well-known platform has dominated Solana, becoming the most popular Meme issue coin platform. Its simple operational process has attracted a large number of creators and investors, with peak periods seeing thousands of Meme projects launched daily, bringing substantial profits to the platform.

However, over time, the problems of this platform gradually became apparent:

• The platform's cumulative revenue exceeds 700 million dollars, but user benefits are limited.
• Data shows that less than 5% of users can earn more than 1000 dollars.
• The platform has failed to effectively support project growth and has not made substantial contributions to the ecosystem.
• The platform plans to issue its own coin, valued at up to $4 billion.

In short, the platform makes a huge profit, while the vast majority of users have become “accompanying runners”. This imbalanced distribution of benefits has sparked widespread questioning.

The Rise of Emerging Platforms

In April 2025, a new issue coin platform led by a certain Meme coin community emerged. This platform caused a sensation as soon as it was launched:

• On the first day of launch, it attracted 800,000 participants and issued 2,700 coins.
• The trading volume exceeded 300 million USD in the last 24 hours.
• Currently, over 180,000 coins have been issued through this platform, far exceeding similar platforms.

The core concept of the new platform is: not to harvest users, but to return profits to the ecosystem. This “co-construction platform” model has attracted widespread attention.

Innovation in Profit Distribution

Taking the on-chain data from July 7, 2025, as an example, the total revenue of the platform on that day was 68,768 SOL, and the distribution was as follows:

• 25% used to repurchase a certain Meme coin and destroy it
• 25% allocated to certain Meme coin stakers
• 20% for ecosystem development
• 15% as platform operating funds
• 15% allocated to a certain Meme coin team

This transparent and mutually beneficial distribution method greatly enhances user participation enthusiasm.

Substantial Support for Project Growth

The new platform not only encourages projects to launch but also provides substantial financial support. For example, the platform directly purchases certain project tokens from the market to establish a project fund and assists in applying for listings on major exchanges. It is reported that this initiative has invested over $600,000, making it a groundbreaking move in the Meme sector.

This approach contrasts sharply with traditional platforms: the latter, while profiting from community enthusiasm, fails to provide substantial support for projects.

Users vote with their feet

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

• Token issuance volume: 15,600 vs 11,500
• Market share: 51% vs 39.9%
• The number of popular projects, active users, daily trading volume, and other indicators are comprehensively leading.

All of this is not merely reliant on hype, but rather a reflection of the comprehensive strength of the new platform in aspects such as community building, functionality improvement, and value proposition.

Behind User Choices

The reason why the new platform can rise rapidly lies in the fact that it conveys a completely new concept:

• Users are not the objects of exploitation, but the co-builders of the ecosystem.
• The project is not a tool for short-term speculation, but an asset with potential for long-term development.
• Participation is not a fantasy, but a tangible value creation.

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 and develop deeply in the long term.

In this battle of the issue coin platforms, what we see is not just a simple competition for market share, but also a shift in user demands and a reorientation of the industry's development direction. Only those platforms that can truly create long-term value for users and projects can stand out in the fierce competition and win the future.