Solana (SOL) and its decentralized applications (D
Solana (SOL) and its decentralized applications (DApps) ecosystem have experienced explosive growth, reaching an all-time high in revenue in November 2024.
A report from research platform Syndica revealed that Solana’s revenue hit $92 million, a 15x increase from $6 million in January, while Solana DApps generated a record $365 million, a 14x jump from $26 million in January.
Decentralized finance (DeFi) remains the backbone of Solana’s DApp revenue, accounting for 83.7% of total earnings. Wallets contribute 9.6%, while the remaining 6.5% comes from infrastructure, non-fungible tokens (NFTs), and gaming applications.
Meme coin DApps have emerged as a dominant force on Solana, generating a total of $509 million in revenue in 2024.
In November alone, this category earned $183 million, a 300-fold increase from January, when meme coin applications generated in a mere $600,000.
#Share Your Thoughts on Popular Assets in March#Win 200 USDT: Share Your Take on HTX’s Q1 Report#Tariffs Crash Crypto
All Comments0LatestHot