PANews December 18 news, according to the latest research report from Syndica, the Solana ecosystem experienced significant growth in November, with on-chain revenue reaching $92 million, and total DApp revenue reaching a historical high of $365 million. Among them, Pump.fun became the first DApp on Solana to surpass $100 million in monthly revenue, reaching $106 million, accounting for 26% of the total ecosystem revenue. DeFi applications contributed 83.7% of the revenue, with Meme coin applications generating over $500 million in revenue for the year, a 305-fold increase from $600,000 in January. Telegram trading bot revenue doubled to $82 million, accounting for a stable 4-5% of DEX trading volume.
DEX platform Raydium had revenue of $32 million in November, accounting for 86% of the total spot DEX revenue, and repurchased $28 million (approximately 5.4 million) worth of RAY tokens to distribute to stakers. Jupiter set a new high of $17 million in revenue through perpetual contract business, with 75% rewarded to JLP liquidity providers. Phantom wallet's annual revenue reached $91 million, while Solflare reached $31 million. The lending platform Kamino Finance achieved a record high of $2.9 million in revenue, with 80% coming from lending services. Payment infrastructure Helio's revenue grew sevenfold to $316,000.
