Altcoin Founder Announced: They Earned 60 Million Dollars from Solana! - Coin Bulletin

Koinbulteni · 2025-04-07T13:47:29+00:00

GMGN gains $60 million worth of SOL for staking, reducing transaction time on Solana network to 0.58 seconds. The company reinvests profits back into Solana ecosystem, improving efficiency. Speeding up transaction times enhances platform efficiency and user experience.

Koinbulteni

2025-04-07 13:47:29

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GMGN reduced the transaction time on the Solana network to 0.58 seconds while generating 60 million dollars in SOL earnings, using all the revenue for staking.

Haze, the co-founder of GMGN, stated that GMGN has earned approximately 60 million dollars worth of SOL and that this revenue is being used entirely for staking and has not been sold. Haze announced that GMGN’s Solana transaction time has currently decreased to 0.58 seconds.

GMGN, as a platform developing meme tools, continues to have a significant impact on the Solana blockchain. The company uses the revenue it generates to invest in the Solana ecosystem, aiming to enhance the network’s efficiency. Haze emphasized that these earnings are only used for staking operations and are never put up for sale.

Increase in speed and efficiency

The short transaction times on the Solana network increase the platform’s efficiency and improve the user experience. The transaction time reduced by GMGN to 0.58 seconds makes the network faster and more effective. This increase in speed provides a significant advantage, especially for projects with high transaction volumes.

SOL-0.75%

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