#Solana DApp Revenue Hits $365 Million in November 2024, Led by #memecoins
Despite the controversy facing the platform, Pump.fun generated $106 million in revenue from decentralized applications in November.
#Solanadecentralized applications (DApps) surged in November, driven by the #memecoin Pump.fun launchpad and the decentralized finance (DeFi) blockchain system.
Research platform Syndica reported that #Solana-based DApps reached $365 million in revenue in November. According to the data, Pump.fun became the first Solana-based#DAppto surpass $100 million in monthly revenue.