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Beverly
8 days ago
Phantom, Solana’s most widely used wallet provider, has drawn criticism from some users for charging fees on in-app token swaps.

While some disgruntled community members attacked Phantom, voices across the Solana ecosystem came to the wallet’s defence. Reigniting debate around business models in the Web3 world, Phantom’s supporters argue that the platform has a right to generate revenue.

In an industry where meme coin presales can raise over $40M , is it fair to attack businesses providing essential services for charging easily avoidable fees?

SOLANA COMMUNITY MEMBERS COMPLAIN ABOUT 0.85% SWAP FEE
Frustrated Solana users have taken to 𝕏 to air their grievances about Phantom’s in-app swap fees. The public outrage came following circulation of data suggesting that the wallet provider generated over $30M in revenue through token swaps.

Comparisons between quotes between wallets and DEX aggregator Jupiter only added further fuel to the fire. Perhaps spurred on by stagnant market conditions, commentators on social media remarked that discrepancies between swaps provided by Phantom and Jupiter were “actually ridiculous.”

Eagle-eyed users remarked that the data wasn’t wholly accurate. Galactic Geckos founder Genuine Articles highlighted that the $30M figure was lower than expected, before Fabiano.sol, the influencer who originally shared the data, acknowledged that Phantom would’ve generated over $10M through in-app token swaps in 2021 alone.

While it’s obvious that traders can access better rates by using platforms like Jupiter directly, can Wallet providers be blamed for charging fees on value-added services?

Is the Slander Against Phantom Justified?
Content creator and former Phantom team member Seb Montgomery countered the attacks levied against Phantom. Arguing that every business has operational costs that need paid, Montgomery asserted that “Dapps, apps, wallets, etc. need revenue or they close up shop, and head home.”

Hammering his points home, Montgomery reminded Solana users of their double standards. The content creator highlighted how network participants were willing to provide over $40M to the $WATER memecoin presale, but criticized an 0.8% fee on services offered by one of Solana’s longest-standing products.

“You have probably lost $1000s on the pure rubbish. So don't be a clown and not support the wallets that make it all possible.” - Seb Montgomery

Montgomery also acknowledged that Solana owes much of its success to Phantom. Paying homage to Phantom’s position as Solana’s most widely used wallet, Montgomery asserted “Without Phantom, Solana's success would not have been anywhere near where it got to.”

WHICH WALLET GIVES THE BEST VALUE ON SWAPS?
While traders and users looking for the best rates should always go directly to decentralized exchanges or aggregators, it’s also worth knowing the various in-app swap rates of different wallets.

Fuse Wallet - 0%

Solflare - 0.8%

Phantom - 0.85%

Backpack - 0.85%

It should also be noted that all Solana wallets route their trades through Jupiter. Solana’s leading DEX aggregator typically offers the best rates on trades and allows third-party apps to add fees onto swaps.

Despite some traders expressing frustration, Phantom and other wallet providers have always been transparent and forthcoming about in-app swap fees. Using wallet-based swaps is completely optional and easily bypassed. Trader’s complaints are hardly unresolved.
Faith
1 month ago
Pump.fun accrued 0.1% of Solana's supply via platform fees since its creation, holding $80M in their fee wallet. 50% ($40M) is in USDC, and 50% (271,691 SOL) represents 0.0582% of the total SOL supply. Fees are swapped 50/50 for SOL + USDC at the end of each collection period.
Mello
1 month ago
Daily Memecoin Recap - August 6

Majors continue recovering, $sol back at $154 from a low of $110

Great volume today

Runners Of The Day
$thumb -> hit $6 .4m, good cat meme, dev bought 80%+ supply off pumpfun and burned it all
$rawdog -> hit $1 .9m, "no telegram. no socials. rawdogging." zoomer meta
$hommy -> hit $1 .3m, "The One Who Waits", diamond hands meme of an interesting creature

Blind Meta
$⠙⠕⠛ -> hit $2 .65m, "Blind Dog", unique idea
$⠉⠁⠞ -> hit $395k , "Blind Cat", beta to Blind Dog

Wrapped Meta Pushes
$wDOG -> $3 .5m to $24m (6.85x), wrapped dog goes crazy (references $wBTC , $wETH , $wSOL , etc.)
$wCAT -> $165k to $2 .3m (13.9x), $wDOG beta
$wSCF -> hit $430k , "wrapped smoking chicken fish", beta to $scf

Ginnan Comes Back For More
$ginnan -> $10m to $77m (7.7x), $neiro 's brother
$tsuji -> hit $1 .52m, "Ginnan's Sister", Kabosu Family meme ( $doge ), CTO, beta to $ginnan

High Market Cap Coins Recover
$popcat -> $240m to $560m (2.33x), fast bounce after a large downwick
$giga -> $60m to $152m (2.53x), gigachad

Dog Memes
$hugi -> hit $1 .5m, a dog giving hugs
$Dog² -> hit $500k , a dog in a dog costume

Cat Memes
$npc -> hit $900k , "npc cat", KOLs involved
$vroom -> hit $900k , cat driving a car
$hop -> hit $300k , "hop online", cat playing video games, CTO

Other Plays
$knight -> $200k to $1 .7m (8.5x), "Fallen Knight", launch from July 25th, just made a new ATH
$time -> hit $419k , "It's Time"
$rpepe -> hit $325k , "The Real Pepe", irl person painted green
$pog -> hit $248k , penguin meme, pushed by KOLs

Note how $oodles is down at $1 .3m from a high of $12m +

One thing with sol memes: if there's potential for a sell the news event, then it will be a sell the news event

Lock in🤝
Mello
2 months ago
Daily Memecoin Recap - July 29

Great volume today

Market is seriously picking back up, keep reading 👇

Rug Turns Into A Community Relaunch
$fwog -> hit $17m , community relaunch, $eth whales pushing
$flog -> hit $4 .11m, rug
$fwog -> hit $300k , OG fwog launched June 5th
- $flog launched and rugged, the artist was mad and decided to relaunch as $fwog
- This was the runner of the day

Zoomer Memes
$ong -> $7m to $25m (3.6x), 3% of supply has been locked up for 6 months ($350k)
$higher -> $500k to $2 .5m (5x), good CTO
$bro -> hit $1m , "It's a CTO bro"
$stoic -> hit $750k
$aylmao -> hit $616k

Smoking Chicken Fish Is Taking Over
$scf -> $47m to $107m (2.27x)
$scf -> hit $616k , OG smoking chicken fish from 2023

Buck To A Buck
$buck -> hit $4 .75m, CTO, dog meme, once this buck started moving, people started pushing around the OG one (which was previously inactive)
$buck -> hit $1m , OG buck
$dolla -> hit $600k , $buck derivative

Ginnan Is A Boy
$ginnan -> $16m to $44 .5m (2.78x), "Ginnan Doge's Sister"
$ginnan -> hit $2 .5m, "Ginnan Doge's Brother"
- "Ginnan Doge's Sister" ran to $40m +, but turns out that Ginnan is a boy which means that he's Doge's brother (not sister)

Dogecoin meta
$neiro -> $38 .5m to $82m (2.1x)
$suji -> $65k to $1 .5m (23x), Tsutsuji, "Doge's sister cat"
$MoM -> hit $3 .45m, "Mother of Memecoins", CTO, coin about $doge & $neiro 's mom
$oni -> hit $900k , cat meme, " $doge 's cat "

Dog Memes
$pupperfish -> hit $5m , viral dogfish
$nichi -> hit $1 .6m
$snuggy -> hit $510k , CTO
$dolly -> hit $450k

Cat Memes
$gpc -> hit $1m , "GoProCat", based on what a1lon9 (pumpfun's founder) said in an interview
$meo -> hit $885k , Chinese meme
$cc -> hit $500k , cult cate, has been made before
$chester -> hit $500k
$incel -> hit $440k

Other Cooks
$jet -> hit $775k , "Sardine 737"
$gigana -> hit $250k , woman $giga , CTO
$pumpy -> hit $220k

Imagine what happens when retail starts using trojan, BullX, photon, etc...
Mello
2 months ago
Daily Memecoin Recap - July 15

Majors are pumping & news is coming out every day

Volume is up, lock tf in

Trump Meta
$fight -> $8 .65m to $20 .1m (2.32x), After Trump got shot footage shows him saying "Fight"
$inside -> $72k to $942k (13x), "the Trump shooting was an inside job"
$fearnot -> hit $5 .8m,
realDonaldTrump's new slogan, CTO
$nofear -> hit $2m
$bandage -> hit $356k , picture of Trump with a bandage

Vance announced as Trump's VP
$vunce -> $1 .34m to $7 .3m (5.44x), redacted JDVance1

$vence -> $803k to $6 .84m (8.5x), another redacted Vance
$vance -> hit $2m
$voonce -> hit $565k
$vance99 -> hit $400k , Vance's 1999 Honda Civic, based on an old tweet
- During Today's Republican National Convention, Trump announced Senator J.D. Vance as his pick for Vice President
- Perfect example of a sell the news event. Initial pump on the news which gets immediately sold off as there's nothing else to look forward to

Crypto-Twitter Approved
$sigma -> $1 .81m to $4 .98m (2.75x)
$thanks -> hit $2 .3m, "Thanks For Playing"
$something -> hit $1 .4m, "Believe In Something", popular sentence on CT, CTO
$signs -> hit $590k , "There Will Be Signs"

High Market Cap Coins
$wif -> $1 .5b to $2 .22b (1.48x)
$popcat -> $340m to $886m (2.6x)
$billy -> $93m to $184 .5 (1.98x)
$michi -> $52m to $127 .5 (2.45x)
$wolf -> $52 .7m to $120 .4m (2.28x)
$mumu -> $41m to $80m (1.95x)
$sc -> $18m to $38m (2.11x)
- As the market recovers, high mc coins are bouncing off support

Spike Team Rugs Their Relaunch
$spike -> $48m to $1 .14m (-97.5%)
- After rugging their first token, they decided to relaunch
- People thought they were actually going to push it this time
- Instead it was heavily sold off following a bitget listing
- A lot of teams have been relaunching lately, relaunches rarely perform well

Dog Memes
$bob -> $1 .6m to $6 .2m (3.87x), CTO, cute dog
$dog -> hit $8m , very strong CTO
$donie -> hit $1 .75m, trump + dog meta
$shark -> hit $1 .4m, "Shark Inu"
$brah -> hit $894k , a bunch of KOLs bought this early, CTO
$dot -> hit $530k

Hyped Launches
$cafe -> hit $7m , heavily sniped
$usa -> hit $470k

More Cooks
$hehe -> $1 .5m to $9 .3m (6.2x), cute cat + hehe
$popfish -> hit $900k , $popcat + fish, pushed by some KOLs
$chad -> hit $730k , popular meme
$ewok -> hit $583k , good art, $nub vibes
$buffet -> hit $350k , viral video

Great start to the week, can we keep these good vibes coming?

$sol broke $155 , look for a retest of the lows to stack up

Happy trading mfs 🤝
Mello
3 months ago
Daily Memecoin Recap - July 3

Majors are struggling, most coins are topping before $200k

When $btc (& $sol ) moon, we'll get more runners

America's Independence Day Tomorrow - 4th of July
$sam -> hit $1 .6m, CTO
$awif -> hit $620k , American $wif

Redacted Politicians
$kama -> $6 .9m to $22m (3.18x), redacted KamalaHarris, good team
$bernie -> $520k to $2 .84m (5.46x), redacted BernieSanders

Khamzat Posts CA
$smash -> hit $15m ,
- The coin has been out for over 24h
- People were already expecting that it would be this
- When he posted the CA, price wicked to $15m +, but immediately dumped back down
- There was not much hype since the coin was already out = no speculation

Sage Launch
$sage -> hit $51m , liquidity was pulled
- There were a couple other fake coins that ran to $500k +
- CryptoSage26 never actually posted a CA
- Some threads are coming out saying that this was intended to be the real coin, but they decided to pull liquidity when things didn't go as planned

Walter Deal
$walter -> $2 .2m to $8 .7m (3.95x)
- Agreement announced between Walter's owner PupperNelson & WalterDogSolana

Mao Wants More
$mao -> $2 .4m to $9 .5m (3.95x), CTO

Dog Memes
$billy -> $80m to $140m (1.75x), overtakes $michi in market cap, Ansem rumored to have bought multiple 6 figs
$lulo -> hit $1 .9m, CTO
$bull -> hit $900k , CTO
$winny -> hit $600k , same dev as $subo , which hit $8m
$barny -> hit $500k , CTO
$inu -> hit $500k

Other Cooks
$dragon -> hit $13 .9m, heavily bundled
$bbq -> hit $460k

Only risk what you're comfortable losing

Market conditions are poor = more rugs = tighten your risk measure
Mello
3 months ago
Daily Memecoin Recap - June 29

Weekends are best to touch grass

Low volume - Market is very PvP

Billy Wants All-Time-High
$billy -> $24m to $88m (3.67x from the low)

Billy Deployer Wallet Private Key Leaked
$silly -> $980k , CTO, launched on $billy 's deployer wallet

Popcat Continues Pushing
$popcat -> $211m to $663m (3.14x from the low)

Soulja Boy Comeback
$sboy -> $1m to $6m (6x),

Dog Memes
$chucky -> hit $2m , normie meme
$dilly -> hit $1 .7m
$nelly -> hit $922k , CTO
$bilchi -> hit $500k , $michi derivative

Cat Memes
$itty -> $145k to $950k (6.55x)
$cat -> hit $3 .4m, Lion Cat
$yami -> hit $473k

Long Term Holds
$retardio -> $12 .5m to $40m (3.2x from the low)
$lockin -> $5m to $18 .4m (3.68x), normie + CT meme
$aura -> $5m to $17m (3.4x from the low), good team

More Cooks
$doogle -> $3 .85m to $9 .3m (2.41x)
$chwy -> $2 .7m to $9 .5m (3.5x)
$kama -> $1 .67m to $5 .14m (3x),
$meesa -> $1m to $4 .15m (4.15x)
$palmy -> $300k to $1 .81m (6x)
$oblock -> hit $2 .4m
$smc -> hit $450k , good website, CTO
$mango -> hit $425k , "Mango Juul"

Happy Sunday 🤝

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