2024

Swap

DeFi

Propel

<ul class="wp-block-list news-points"><li>Solana dApps hit $365M revenue in November, driven by DeFi and memecoin growth.</li><li>Pump.fun leads Solana’s revenue surge, becoming the first dApp to exceed $100M monthly.</li><li>Telegram bots and Swap APIs reshape Solana, adding $82M and $153M in earnings YTD.</li></ul>Solana’s decentralized application (dApp) ecosystem reached new heights in November 2024, with <a href="https://blog.syndica.io/deep-dive-solana-dapps-revenue-nove/?utm_source=blog&amp;utm_medium=twitter&amp;utm_campaign=research" rel="noopener noreferrer nofollow">revenue surging</a> to unprecedented levels. The blockchain itself generated $92 million, while Solana-based dApps achieved an all-time high of $365 million. This explosive growth highlights the increasing adoption and profitability of Solana’s ecosystem.Among the standout performers was <a href="https://blog.syndica.io/deep-dive-solana-dapps-revenue-nove/?utm_source=blog&amp;utm_medium=twitter&amp;utm_campaign=research" rel="noopener noreferrer nofollow">Pump.fun</a>, which became the first Solana dApp to exceed $100 million in monthly revenue. The platform’s performance, along with significant contributions from other categories like DeFi and memecoin dApps, underscores the growing diversity and innovation within Solana’s ecosystem.<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcs0NmC-FlqYIGCVBaUyw6daq9MWWd0UIsDNGYYA4oOlSCVVb9j1bgQKR_LGbbyJg8xi0pBypxXIlFU2awdeqFIFnKx_svWEADVtUshcWfWbKL0deU5tFo21Vp_HQFHNkIrzO84?key=6aNEgM4AZ4Lh_zbx32eWi4SP" alt="Graph representation of Solana dApp revenue in November 2024"></figure><a href="https://blog.syndica.io/content/images/size/w1000/2024/12/2.jpg" rel="noopener noreferrer nofollow"></a><h2 class="wp-block-heading" id="h-defi-dominates-solana-s-dapp-revenue">DeFi Dominates Solana’s dApp Revenue</h2>DeFi remains the primary driver of revenue for Solana dApps, contributing 83.7% of the total earnings. Meanwhile, memecoin dApps have emerged as a surprising growth category, generating over $500 million in reve…The post <a href="https://coinedition.com/pump-fun-defi-propel-solanas-365m-dapps-revenue-in-november-2024/" rel="noopener noreferrer nofollow">Pump.fun, DeFi Propel Solana’s $365M dApps Revenue in November 2024</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Pump.fun, DeFi Propel Solana’s $365M dApps Revenue in November 2024

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