Trump's Coin Issuance Shakes Up the Solana DeFi Landscape: Meteora's Daily Trading Volume Soars 8 Times, Raydium's Market Share Drops Below 30%

p stated that he "doesn't know much" about the meme coin named after him, TRUMP, the entire crypto layout of the Trump family undoubtedly has a strong "operator" behind it.

Trump stated that he "doesn't know much" about the meme coin named after him, but the entire crypto layout of the Trump family does have a strong "operator" behind it.

The seemingly casual launch of the TRUMP coin is actually the result of clear prior collaborations with multiple projects. Moonshot and Jupiter/Meteora are the biggest beneficiaries behind Trump's epic coin issuance, aside from Solana.

For example, Moonshot, which supports fiat purchases of memes, quickly added 400,000 users, becoming a strong new challenger in the CEX space. Meteora, from the same team as Jupiter, is the fastest-growing project in the Solana ecosystem benefiting from this Trump coin issuance… As a carefully selected partner of Trump, they are worth long-term attention.

Key Supporters/Beneficiaries of Trump's Coin Issuance

Moonshot ------ Added 400,000 users, CEX Challenger

After the issuance of Trump's coin (TRUMP), Moonshot, as the official purchasing channel recommended by Trump, added over 400,000 new users within 24 hours, processing nearly $400 million in transaction volume. Due to the trading frenzy of the TRUMP token, Moonshot briefly rose to the top of the free finance apps on the US Apple App Store, surpassing Coinbase, PayPal, and Robinhood.

According to statistics from @sliceanalytics on Dune, Moonshot added 187,400 new on-chain users solely through TRUMP, while the previously popular TikTok meme Chillguy only brought in over 7,200 new users.

Currently, the cumulative trading volume of TRUMP on Moonshot has also reached nearly $750 million.

After the issuance of Trump's coin, Robinhood also collaborated with Moonshot, allowing over 20 million users on Robinhood to seamlessly deposit into Moonshot, opening up more traffic for Moonshot.

Moonshot is not a meme launch platform launched by DEXScreener, but rather comes from the same lineage as Pump.fun, both incubated by Alliance DAO.

Shortly after its launch in July last year, Moonshot was recommended by meme super promoter Murad. Its feature is supporting fiat deposits for memes. Users can quickly fund their accounts through common payment methods like Apple Pay, credit cards, and PayPal, without the need to manage complex blockchain wallets or pay gas fees.

Moonshot has gathered a large number of popular meme coins, including many tokens that have not yet launched on secondary or top exchanges.

Around October last year, Moonshot truly gained popularity due to the "listing effect" presented by the early listings of major tokens like MOODENG, SPX6900, Chillguy, and GOAT, earning it the title of the Binance of the meme world, a small Binance on-chain.

With the rapid launch of the $30 billion presidential meme TRUMP, it is expected to become the best showcase of Moonshot's "listing effect," and the subsequent listing effects and carefully selected tokens on the platform are worth continuous attention.

Moonshot allows a massive number of users to participate directly, bypassing CEX, which poses a significant threat to CEX.

Currently, Moonshot has not disclosed any coin issuance plans.

Jupiter/Meteora------ Shaking Up the Solana DeFi Landscape

Jupiter, as the largest DEX aggregator on Solana, is a well-known star project in the crypto community. Many users may not be familiar with Meteora, the liquidity platform for stable assets on Solana. In fact, Meteora and Jupiter share the same founding team; the Jupiter team established Meteora before founding Jupiter.

Originally named Mercurial Finance, Meteora issued the token MER in 2022, but due to the fallout from the FTX incident, it rebranded to Meteora and abandoned the MER token. The new token MET that Meteora originally planned to issue has also not been released.

Jupiter and Meteora provided LFG tech stack and liquidity support for Trump's coin issuance.

After the issuance of Trump's coin, Jupiter mentioned on the X platform that the issuance of TRUMP used the same LFG tech stack as JUP, including DLMM pools, ILM design, and tight integration with Jupiter.

Jupiter stated that close cooperation with the Meteora team ensured the smooth issuance of TRUMP, not only on Jupiter but throughout the entire ecosystem using the Jupiter API (including applications like Moonshot).

On Meteora, it can be seen that the TRUMP team injected 10% of the initial liquidity into the TRUMP/USDC trading pair through Meteora, utilizing the DLMM mechanism to smoothly sell over $500 million worth of tokens to the market.

Both Jupiter and Meteora benefited greatly from this epic collaboration with Trump's coin issuance, especially the previously lesser-known Meteora.

On the day of Trump's coin issuance (January s