CoinVoice has recently learned from Syndica's latest research report that the Solana ecosystem experienced significant growth in November, with on-chain revenue reaching $92 million and total DApp revenue hitting a historical high of $365 million. Among them, Pump.fun became the first DApp on Solana to exceed $100 million in monthly revenue, reaching $106 million, accounting for 26% of the ecosystem's total revenue. DeFi applications contributed 83.7% of the revenue, with meme coin applications generating over $500 million for the year, an increase of 305 times from $600,000 in January. The revenue from Telegram trading bots doubled to $82 million, maintaining DEX trading volume at 4-5%.
DEX platform Raydium's revenue in November reached $32 million, accounting for 86% of the total revenue of spot DEXs, and repurchased $28 million (approximately 5.4 million) worth of RAY tokens to distribute to stakers. Jupiter set a new record with $17 million in revenue from 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 saw a record high revenue of $2.9 million, of which 80% came from lending activities. Payment infrastructure Helio's revenue grew 7 times to $316,000. [Original link]
