The meme coin craze drives Solana DApp's income to set a monthly record of $365 million
According to research by Syndica, Solana's native DApp earned $365 million in revenue in November 2024, setting a new monthly record. The Solana DeFi ecosystem is the main source of income, accounting for nearly 84%, while wallets and infrastructure account for less than 15%. In DeFi activities, Meme coins and protocols supporting Meme coins dominated SOL's income. Monthly income from Meme coin DApps increased by 305 times in 2024, exceeding $500 million. Last month pump.fun led the way among Solana protocols with an income of $106 million. In addition, Telegram bot categories have become the second largest source of revenue after Meme coin DApps this year, setting a record of over $300 million in revenue. The report also stated that the number of "high-quality participants" in the SOL ecosystem has grown parabolically and there has been an increase in protocols earning more than $10,000 to $10 million per month.
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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