Solana RWA market cap hits $2B as chain GDP reaches $342M

Solana’s "economic growth" is a total paradox. While chain GDP hit $342 million, the network’s biggest revenue engine is Pump.fun—a meme coin factory—generating $124.7 million while the SOL token price crashed 33%. Even with RWA growth, DeFi TVL tanked 22%, suggesting that speculative gambling is the primary force keeping the ecosystem afloat. Can a blockchain survive as a serious financial layer if its value is tied to meme coins? Or is Solana just a glorified casino? What’s your take?
This summary was generated by AI