The Solana ecosystem experienced significant growth in November, with on-chain revenue reaching $92 million and total DApp revenue hitting a historic high of $365 million. Notably, Pump.fun became the first DApp on Solana to surpass $100 million in monthly revenue, 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 in revenue for the year, a 305-fold increase compared to the beginning of the year.

In the decentralized exchange (DEX) sector, Raydium's November revenue reached $32 million, accounting for 86% of total spot DEX revenue. Jupiter set a new revenue record of $17 million through perpetual contract business. In terms of wallet services, Phantom and Solflare achieved annual revenues of $91 million and $31 million, respectively. Lending platform Kamino Finance and payment infrastructure Helio also saw significant revenue growth. 📈