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Coin Edition 2024-12-19 04:32:34

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

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

Solana dApps hit $365M revenue in November, driven by DeFi and memecoin growth. Pump.fun leads Solana’s revenue surge, becoming the first dApp to exceed $100M monthly. Telegram bots and Swap APIs reshape Solana, adding $82M and $153M in earnings YTD. Solana’s decentralized application (dApp) ecosystem reached new heights in November 2024, with revenue surging 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 Pump.fun , 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. DeFi Dominates Solana’s dApp Revenue 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 Pump.fun, DeFi Propel Solana’s $365M dApps Revenue in November 2024 appeared first on Coin Edition .

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