Solana co-founder crowns four apps while omitting top earner Pump.fun
Anatoly Yakovenko endorsed Leap, Phantom, Fomo, and Jtx as preferred platforms on 6 November, despite Pump.fun generating the most revenue on the network.
Key takeaways
- 1Anatoly Yakovenko endorsed Leap, Phantom, Fomo, and Jtx on 6 November.
- 2Pump.fun was excluded from the endorsement despite being the highest-revenue app on Solana.
Anatoly Yakovenko, the co-founder of Solana, publicly endorsed Leap, Phantom, Fomo, and Jtx as the leading projects on the network on 6 November. The announcement excluded Pump.fun, which currently stands as the highest-revenue application on the Solana blockchain. Degen News reported the endorsement, which Yakovenko described as "kingmaking" these specific platforms while leaving out the network's most profitable app.
The exclusion of Pump.fun comes despite its dominant financial position within the Solana network. Yakovenko's comments also included a statement on geopolitical alignment, saying the network had "no choice but to align with Israel" after social media users suggested an associate should contact the IDF. These remarks follow a period of high activity for the endorsed apps, particularly the Leap mobile trading platform which recently expanded its service offerings.
Solana is a high-speed blockchain designed for decentralised applications, currently ranked as the seventh-largest cryptocurrency with a market value of $52.6 billion. The network has recently focused on mobile integration and diversified trading assets. On 5 November, Solana Labs launched early access for the Leap mobile app to support tokenised stocks and commodities, while Solana Mobile initiated a token burn programme for its SKR asset on 3 November.
The public backing of specific apps by a founder suggests a shift in the official focus of Solana Labs toward platforms like Leap and Phantom. Traders are watching how this selection affects user growth for the omitted Pump.fun compared to the endorsed projects. Solana (SOL) traded down 6.6 percent at $89.18 following the announcement and recent security concerns regarding a fake app on the Solana Mobile store.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.