Solana's token issuance is undergoing a transformation as MetaDAO and Metaplex lead a shift from meme-driven hype to structured ICOs. These platforms have collectively generated over $927,000 in monthly protocol fees, highlighting their growing influence. MetaDAO's proportional deposit system and Metaplex's anti-bot mechanisms are designed to ensure fairness in token launches. Tokens like Umbra and Collector Crypt have seen significant returns, achieving peak gains of 8.6x and 19.7x, respectively. Although initial trading volumes have dropped by over 99%, MetaDAO and Metaplex are setting new standards for decentralized fundraising on Solana's internet capital market.