Raydium, pump.fun, and Jito have become the main sources of fee revenue for Solana

2024-08-02 14:48:16

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ChainCatcher news shows that in the past few months, the transaction volume on the Solana chain has significantly increased. Additionally, the number of daily active addresses has surged, recently exceeding 2 million (7-day MA), with a large influx of users into the ecosystem dominated by DApps such as Raydium, pump.fun, and Jito.

Among these DApps, Raydium has become the main source of fee revenue for Solana. In July, the trading volume of this DEX reached $30 billion, making it the second-largest DEX by trading volume, just behind Uniswap. Meanwhile, according to data from DeFiLlama, Raydium's revenue in July exceeded $65 million, compared to $33 million in June.

pump.fun generated over $28 million in fees in July, the highest monthly fees since its launch. Additionally, in July, the MEV fees collected by validators using the Jito client amounted to approximately $36 million, a 26% increase compared to June.

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Raydium pump.fun Jito

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