$342.2M in Q1 chain GDP is a cleaner pitch to builders than another TPS chart, but $124.7M of it coming from Pump.fun keeps the quality-of-revenue question alive. Alpenglow’s 150ms target and Jito’s BAM/JTX stack matter because Solana is trying to graduate memecoin flow into perps, CLOBs and tokenized assets before the next attention rotation hits.

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