Solana issue coin newcomer: The rise of co-building platforms

Recently, the landscape of the coin issuance platform in the Solana ecosystem has quietly changed. Once-popular platforms are gradually losing their allure, while a new co-construction platform is winning users' favor. Behind this story of "platform repositioning" reflects the shift in user demands and new trends in industry development.

From Dominance to Controversy

In the past year, a well-known platform became the most popular Meme issue coin platform on Solana. Its simple operating process attracted a large number of creators and speculators, with peak periods seeing thousands of Meme projects launched daily, bringing considerable profits to the platform.

However, over time, the problems gradually became apparent:

• The platform's cumulative revenue exceeds $700 million, but user benefits are limited.
• Data shows that less than 5% of users can earn more than $1000.
• The platform failed to effectively support project growth or contribute to the ecosystem.
• The platform announced the issuance of its own coin, valued at up to 4 billion USD.

In short, the platform makes a huge profit, while most users have become "accompanying tools."

The Rise of Co-Built Platforms

In April 2025, a new issue coin platform led by the Meme coin community was launched, quickly attracting widespread attention:

• On the first day, attracted 800,000 participants and issued 2,700 coins.
• The trading volume exceeded 300 million USD within 24 hours.
• A total of over 180,000 coins have been issued, far exceeding similar platforms.

The biggest feature of this new platform is that it does not simply harvest users, but rather gives back the revenue to the ecosystem.

Taking the on-chain allocation data as of July 7, 2025 (total revenue 68,768 SOL):

• 30% used for repurchasing platform tokens
• 20% allocated to coin holders
• 20% for ecosystem development
• 20% as a reward for the development team
• 10% for marketing promotion

Support Projects with Real Gold and Silver

The new platform not only supports project launches but also significantly helps project development. For example, the platform once directly purchased a certain project's coin from the market, established a project fund pool, and used this asset to assist in applying for listing on a top-tier exchange. It is reported that this initiative has invested over $600,000.

In the Meme ecosystem, this level of support can be considered groundbreaking. The new platform takes concrete actions to bring the project to a broader stage, rather than merely relying on community hype for profit.

Users vote with their feet

Latest data shows that as of July 2025:

• The new platform's token issuance reaches 15,600, surpassing the old platform's 11,500.
• New platform market share is 51%, while the established platform has dropped to 39.9%.
• Leading comprehensively in indicators such as the number of popular projects, active users, and daily trading volume.

These achievements are not solely reliant on hype, but rather the result of an organic combination of community, functionality, and narrative.

Behind the User's Choice

The reason why the new platform can rise rapidly lies in conveying a new concept:

1. Users are no longer the exploited leeks, but rather co-builders of the ecosystem.
2. The project is not for short-term speculation, but to foster long-term development.
3. Participation is not just about "dreaming", but also about taking real "action".

This concept has attracted a large influx of users who are not just looking to issue coin simply, but are seeking a platform where they can participate long-term and develop deeply.

In this rapidly evolving cryptocurrency world, the co-building and mutually beneficial platform model is gaining increasing support. This may indicate that the industry is moving towards a healthier and more sustainable direction.