The meme could show the transaction entrance frantically holding up signs to point the way, while a user sits at the door and asks, “You’re pretty busy—so why should I come back tomorrow?” A smooth entrance solves the problem of completing one transaction; whether people stick around depends on whether there’s anything useful inside over the long term.
Binance spot, rolling 24-hour volume: $SOL -2.25% (rolling 24 hours); $JUP -2.90% (rolling 24 hours); $RAY -4.43% (rolling 24 hours). Price changes are not a score of ecosystem usage, nor do they show that all three fell for the same reason.
According to an October 22 report by Jinse Finance, Lookonchain tracked that eight hours ago, Pump.fun deposited 129,798 SOL, worth approximately $14.07 million, into the Kraken exchange. Depositing tokens on an exchange does not mean they have already been sold, and it is certainly not enough to determine how the price of SOL or ecosystem usage will change.
What I’d rather ask is: after users complete a transaction, what specific problem has it solved for them? Aggregation and liquidity may make the process smoother, but without retention data, activity cannot be treated as growth in unique users. The buzz may bring people to the door; whether they come back tomorrow depends on whether the actual use is valuable.
Binance spot, rolling 24-hour volume: $SOL -2.25% (rolling 24 hours); $JUP -2.90% (rolling 24 hours); $RAY -4.43% (rolling 24 hours). Price changes are not a score of ecosystem usage, nor do they show that all three fell for the same reason.
According to an October 22 report by Jinse Finance, Lookonchain tracked that eight hours ago, Pump.fun deposited 129,798 SOL, worth approximately $14.07 million, into the Kraken exchange. Depositing tokens on an exchange does not mean they have already been sold, and it is certainly not enough to determine how the price of SOL or ecosystem usage will change.
What I’d rather ask is: after users complete a transaction, what specific problem has it solved for them? Aggregation and liquidity may make the process smoother, but without retention data, activity cannot be treated as growth in unique users. The buzz may bring people to the door; whether they come back tomorrow depends on whether the actual use is valuable.