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" target="_blank" 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" target="_blank" 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 decoding="async" 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" target="_blank" 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

Table of Contents

Coin Edition

Other articles published on Dec 19, 2024

Russia says almost all trade with India and China is now in national currencies

El Salvador to discontinue Bitcoin wallet Chivo in $1.4b IMF deal

Whales Dump Cardano for DOGEN as the $0.0013 Token Attracts 20,000% ROI Potential by 2025

Next, Cryptocurrency to Explode, 19 December — Stonks, Usual, Core, Creditcoin

This Token Will Turn $800 Into $137,600 Just Like Buying Solana at $1.50 and Holding to Its ATH i...

OKX and Gate Wallet Communities in Battle for the Bluwhale Node Challenge

Join our free newsletter for daily crypto updates!