Solana’s Ecosystem Thrives as dApps Revenue Soars to $365M!
Solana’s dApp ecosystem reached new heights in November, generating a record $365 million in revenue, surpassing the network’s $92 million.
Over 30 protocols earned more than $1 million, with Pumpfun leading at $106 million, making up 25% of the total. DeFi dominated the space, contributing 83.7% of revenues, while wallets, infrastructure, NFTs, and gaming accounted for the rest.
Key players like Raydium and Jupiter set new records in decentralized exchange and perpetual contract revenues, respectively. With monthly DEX trade volume exceeding $100 billion, Solana’s ecosystem continues to showcase exponential growth.
Clever Robot News Desk 21th December 2024
