Solana DApp's November revenue soared to 365 million magnesium! The meme coin platform Pump.fun contributed 109 million magnesium in a single month

Solana DApps reached an astonishing $365 million in revenue in November, with the meme coin platform Pump.fun contributing over $100 million in revenue, becoming the first DApp on Solana to surpass the hundred million mark in monthly revenue.

Pump.fun short-lived glory, with a monthly turnover of over 100 million US dollars

According to data, the revenue of the meme coin platform Pump.fun reached $106 million in November, but it faced criticism due to controversies surrounding its community live streaming feature. The incident began on 11/25 when it was pointed out that some users were sharing inappropriate content during the live streams, including firearms and violent threats. Even US law enforcement agencies started to pay attention. The Pump.fun official team decided to temporarily disable the live streaming feature and promised to improve the content moderation mechanism.

However, shutting down the live streaming feature will inevitably affect the platform’s revenue. After Pump.fun shut down live streaming for a week, weekly revenue dropped by 66% instantly, from $33.8 million from 11/18 to 11/24, down to only $11.3 million in the last week of November.

Solana DApp’s November revenue was 365 million, with 106 million contributed by Pump.fun.

(Terrorism, imprisoning grandmothers, threatening to shoot up campuses, Pump.fun quickly slammed on the brakes, and the platform announced the removal of the live streaming feature)

Photon and Raydium are other major contributors

In addition to Pump.fun, other DApps on Solana, including Telegram-based Solana memecoin trading bot Photon and automated market-making protocol Raydium, also contributed to Solana’s overall revenue.

Meme coin DApp emerges as the biggest winner in 2024, generating a massive revenue of $509 million.

According to Syndica’s data, 83.7% of the DApp revenue in the Solana ecosystem in 2024 comes from DeFi applications, while wallet-related applications account for 9.6%. The remaining 6.5% comes from infrastructure, NFTs, and games.

Among the DApp categories on Solana this year, the Meme Coin app has the most outstanding revenue performance, with a full year revenue of $509 million, becoming a key revenue source for the Solana ecosystem. In addition, Telegram Memecoin trading bots earned $300 million, while decentralized exchanges (Spot DEXs) accumulated $141 million.

It is worth noting that the income growth of Solana’s meme coin DApp is quite astonishing. The monthly income of the meme coin application was only about $600,000 at the beginning of the year, but by November, the monthly income had skyrocketed to $183 million, an increase of over 300 times.

Solana Meme Coin DApps generated a staggering $509 million in revenue this year.

This article Solana DApp November income soared to 365 million yuan! The meme coin platform Pump.fun contributed 109 million yuan in a single month, first appeared on Chain News ABMedia.