Solana DApp revenue reaches $365M in November 2024, led by memecoins

Despite the controversy faced by the platform, Pump.fun earned $106 million in DApp revenue in November.

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Solana’s decentralized applications (DApps) surged in November, driven by memecoin launchpad Pump.fun and the blockchain’s decentralized finance (DeFi) ecosystem.

Research platform Syndica reported that Solana-based DApps reached a revenue of $365 million in November. Pump.fun became the first Solana DApp to surpass $100 million in monthly revenue, according to the data.

Solana DApps revenue in 2024. Source: Syndica

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