Solana has reclaimed the top spot for producing successful memecoin “runners,” according to new data from on-chain analytics firm Bubblemaps, with tokens launched on the network now roughly five times more likely to catch a runner than those launched on Robinhood Chain.
Bubblemaps defines a runner using a combination of performance metrics, including daily trading volume and the number of unique wallets involved, and only counts daily launches that saw more than a handful of trades — a bar meant to filter out tokens with no real trading activity behind them.
Robinhood's early edge faded fast
When Robinhood Chain launched on July 1, its early success rate was unusually strong: a few hundred meme tokens were launching daily, and as many as 10% of them became runners — a hit rate well above what Solana's launchpads were producing at the time. But as more tokens flooded onto Robinhood Chain, the odds of any single token breaking out shifted back in Solana's favor, according to Bubblemaps' analysis.
Related: Solana Hits Record 1.01 Billion Weekly Non-Vote Transactions
Volume high, but most traders still lose
The runner-rate reversal comes even as Robinhood Chain has otherwise put up strong numbers: the network already matches Solana's flagship memecoin launchpad on weekly trading volume, with memecoins driving 79.2% of its total DEX activity. Yet a separate Bubblemaps study of the network's top 50 tokens found that of 164,538 active traders, only 37% turned a profit — 86 wallets lost more than $100,000 each, while just 46 wallets cleared six-figure gains, together banking roughly $539 million.
A tough backdrop for both chains
The renewed competition is playing out against a rough stretch for Solana's own token price, which closed July as its tenth consecutive red month — the longest losing streak since the network launched — and now trades around 75% below its January 2025 all-time high. That backdrop makes Solana's reclaimed runner-rate advantage as much a story about relative resilience in its memecoin ecosystem as it is a win over a new competitor.
