According to ChainCatcher news, the latest research report from Syndica shows that the Solana ecosystem experienced significant growth in November, with on-chain revenue reaching 92 million USD, and total DApp revenue hitting a historical high of 365 million USD. Among them, Pump.fun became the first DApp in Solana to exceed 100 million USD in monthly revenue, reaching 106 million USD, accounting for 26% of the total ecosystem revenue. DeFi applications contributed 83.7% of the revenue, with meme coin applications generating over 500 million USD in annual revenue, a 305-fold increase from 600,000 USD in January. Revenue from Telegram trading bots doubled to 82 million USD, with DEX trading volume stabilizing at 4-5%.
In November, the DEX platform Raydium achieved a revenue of 32 million USD, accounting for 86% of the total revenue of spot DEX, and repurchased RAY tokens worth 28 million USD (approximately 5.4 million tokens) to distribute to stakers. Jupiter set a new record with a revenue of 17 million USD from perpetual contracts, with 75% rewarded to JLP liquidity providers. Phantom wallet's annual revenue reached 91 million USD, and Solflare reached 31 million USD. The lending platform Kamino Finance's revenue reached a new high of 2.9 million USD, with 80% coming from lending activities. Payment infrastructure Helio's revenue grew sevenfold to 316,000 USD.
