Solana

Data: In November, the total revenue of Solana ecosystem DApps reached 365 million USD, with Pump.fun becoming the first Solana protocol to exceed 100 million USD in monthly revenue

ChainCatcher news, according to the latest research report from Syndica, the Solana ecosystem experienced significant growth in November, with on-chain revenue reaching $92 million and total DApp revenue hitting a historical high of $365 million. Among them, Pump.fun became the first DApp in Solana to exceed $100 million in monthly revenue, reaching $106 million, accounting for 26% of the ecosystem's total revenue. DeFi applications contributed 83.7% of the revenue, with meme coin applications generating over $500 million in annual revenue, a 305-fold increase from $600,000 in January. Telegram trading bot revenue doubled to $82 million, maintaining DEX trading volume at 4-5%.The DEX platform Raydium achieved $32 million in revenue in November, accounting for 86% of total spot DEX revenue, and repurchased $28 million (approximately 5.4 million) worth of RAY tokens to distribute to stakers. Jupiter set a new revenue record of $17 million through perpetual contract business, with 75% of the rewards going to JLP liquidity providers. Phantom wallet's annual revenue reached $91 million, while Solflare reached $31 million. The lending platform Kamino Finance saw its revenue hit a new high of $2.9 million, with 80% coming from lending activities. Payment infrastructure Helio's revenue grew sevenfold to $316,000.

Messari predicts that Solana will experience explosive growth in 2025

ChainCatcher news indicates that according to the Messari 2025 Crypto Theses report, Solana may experience strong growth in 2025. The report states that in the third quarter of 2024, Solana's ecosystem financing reached $173 million, setting a record high since the second quarter of 2022. With the gradual possibility of launching a spot SOL ETF, a more favorable regulatory environment is expected to attract more institutional participation, driving explosive market growth. Some analysts even predict that the price of SOL could break through $4,000.In addition, the Firedancer client has been deployed on the Solana mainnet this year. Developed by Jump Trading, it is a high-performance validator client designed to enhance the transaction speed and scalability of the blockchain. The initial version will be rolled out in phases, focusing primarily on improvements at the network layer, while future versions will further expand functionality to enhance Solana's overall performance and reliability. Firedancer plans to be fully deployed in 2025, which is expected to enhance client diversity on the SOL network, increase activity and security, and reduce reliance on a single client codebase. However, Messari notes that its short-term impact may be limited, as the deployment of other clients still faces bottlenecks, and the full potential of Firedancer may take more time to be fully realized.
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