Solana’s decentralized applications (dapps) hit an all-time high of $365 million in November. According to Syndica research, Solana’s total dapp revenue of $365 million exceeded Solana’s network revenue of $92 million.

Over 30 protocols generated more than $1 million in revenue with Pumpfun, a launchpad for memecoins becoming the first dapp to exceed $100 million in monthly revenue. Pumpfun generated $106 million in November, accounting for approximately 25% of total revenue generated by Solana.

Raydium was king on spot decentralized exchange (dex) revenue with a record high of $32 million, representing 86% of total spot dex revenue. Similarly, perpetual contracts propelled Jupiter to a new revenue record of $17 million with Phantom the biggest earner among Jupiter swap API partners.

Year-to-date, memecoins dapps led in revenue, raking in over $500 million with Pumpfun and Photon the major players. Telegram bots and spot dexs came in second and third with $300 million and $141 million respectively.

Kamino Finance led revenue numbers in the lending category with an all-time high of $2.9 million. Its earnings came from interest rate spreads, loan origination fees, and liquidation penalties.

The main contributor to dapp revenue was decentralized finance (defi) applications with 83.7%. Wallets, infrastructure, non-fungible tokens (NFTs), and gaming made up the rest with 9.6%, 3.4%, 2.2%, and 0.9% respectively.

Solana’s dapp ecosystem has experienced significant growth in November with monthly trade volume on dexs surpassing $100 billion. With these record breaking numbers, we can expect to see the Solana ecosystem continue to experience significant growth.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。