The revenue of Solana DApps reached an astonishing US$365 million in November, of which the meme currency platform Pump.fun alone contributed more than US$100 million in revenue, becoming the first DApp on Solana to achieve revenue of over 100 million US dollars in a single month.
Pump.fun was short-lived, with monthly revenue exceeding $100 million
Data shows that the meme currency platform Pump.fun had revenue of US$106 million in November, but it received a lot of criticism after the social live broadcast function caused controversy. The incident began on November 25. The outside world pointed out that some users shared inappropriate content during the live broadcast, even involving guns and threats of violence. Even US law enforcement agencies began to be concerned. The Pump.fun official team also decided to temporarily shut down the live broadcast function and promised the public that it would improve the content review mechanism.
However, turning off the live broadcast function will inevitably affect the platform’s revenue. A week after Pump.fun shut down live streaming, weekly revenue plummeted 66%, from $33.8 million from 11/18 to 11/24 to only $11.3 million in the last week of November.
Of Solana DApp’s November revenue of 365 million, 106 million was contributed by Pump.fun.
(Terrorism, imprisoning grandma, threatening to shoot up schools are all coming! Pump.fun slams on the brakes and the platform announces that it will remove the live broadcast function)
Photon and Raydium are other major contributors
In addition to Pump.fun, other DApps on Solana include Telegram-based Solana meme currency trading robot Photon and automated market-making protocol Raydium, which also contribute a lot to Solana’s overall revenue.
Meme Coin DApp becomes the biggest winner in 2024, generating huge revenue of US$509 million
According to Syndica data, 83.7% of DApp revenue in the Solana ecosystem in 2024 will come from DeFi applications, while wallet-related applications will account for 9.6%. The remaining 6.5% comes from infrastructure, NFT and games.
Among the DApp categories on Solana this year, the Meme Coin application has the most impressive revenue performance, with a full-year revenue of US$509 million, becoming a key source of revenue for the Solana ecosystem. Additionally, the Telegram memecoin trading bot generated $300 million in revenue, while decentralized exchanges (Spot DEXs) accumulated $141 million in revenue.
It is worth noting that the revenue growth of Solana Meme Coin DApp is quite astonishing. The memecoin app's monthly revenue at the beginning of the year was only about $600,000, but by November, monthly revenue had soared to $183 million, an increase of more than 300 times.
Solana meme currency DApps generated a huge revenue of $509 million this year.
This article Solana DApp revenue soared past 365 million mg in November! The meme currency platform Pump.fun contributed 109 million mg in a single month appeared first on Lian News ABMedia.
