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Data: In November, the total income of Solana's ecological DApp reached 365 million US dollars

Data: In November, the total income of Solana's ecological DApp reached 365 million US dollars

Bitget2024/12/18 16:03
KMNO+5.03%SOL+1.36%RAY-1.49%

According to the latest research report by Syndica, the Solana ecosystem saw significant growth in November, with on-chain revenue reaching $92 million and total DApp revenue hitting a record high of $365 million. Among them, Pump.fun became the first Solana DApp to generate over $100 million in monthly income, accounting for 26% of the total ecosystem revenue. DeFi applications contributed 83.7% of the income, with meme coin applications generating over $500 million in annual income - a 305-fold increase from January's $600 thousand. Telegram trading bot revenues doubled to reach $82 million, maintaining a steady 4-5% share of DEX trading volume.

DEX platform Raydium generated an income of $32 million in November, accounting for 86% of spot DEX total revenue and repurchased RAY tokens worth approximately $28 million (about 5.4 million tokens) which were distributed to stakers. Jupiter set a new record high with its perpetual contract business generating an income of $17million; out of this amount,75% was rewarded to JLP liquidity providers. Phantom wallet's annual income reached$91million while Solflare made$31million.The lending platform Kamino Finance hit a new high with earnings up to$2.9million where80% came from its lending business.Payment infrastructure Helio increased its earnings sevenfold reaching$316thousand.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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