Solana Validators Earned Over $25 Million in Fees from TRUMP and MELANIA Tokens

Key Insights

Solana’s validators received a record of over 100,000 SOL in fees.
Trading activities briefly elevated passive income for stakers to 7.14% annually.
The inflation rate at that time dipped below 5%.

Overview

Solana validators witnessed a remarkable increase of over 100,000 SOL, amounting to approximately $25.8 million, driven by the trading of TRUMP and MELANIA tokens. This spike peaked on January 20, when validators were awarded more than 87,000 SOL, primarily due to the TRUMP token’s surge before MELANIA attracted more wagers. The heightened trading activity resulted in over 24.7 million transaction bundles submitted for processing.

Among 4.5 million daily active users on Solana, 1.5 million unique tippers emerged, indicating robust interest in trading on platforms like Meteora and Orca.

Transaction bundles comprise groups of trades aggregated together for validators, while tippers are actors who add tips to their trades to encourage validators to process their transactions promptly.

At the time of this surge, TRUMP’s price stood at $42, marking a 25% rise over the previous day, while MELANIA experienced slight declines, trading at $4.