Solana ecosystem

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.

The Solana ecosystem tokenization platform AgriDex has completed a $4 million strategic round of financing, bringing the total funding to $9 million

ChainCatcher news, according to The Block, the Solana-based tokenization platform AgriDex has completed a $4 million strategic funding round, led by Portal Ventures, with participation from Endeavour Ventures, Hawkwood Capital, HU Investments, FS Ventures, and Sycamore Gap Management Ltd. Company. Angel investors such as Palantir's Tobechi Bolanle Taiwo and Perena's Anna Yuan also participated in this round of financing. Previously, AgriDex completed a $5 million pre-seed funding round, bringing its total funding to $9 million.With the support of the new round of funding, AgriDex plans to tokenize and process $4.5 billion in unfinished trade commitments from partners such as Future Farms, Oldenburg, and Parrogate Group. The platform also plans to expand its coverage to tokenize and trade new commodities such as West African cocoa and Eastern European wheat.Additionally, according to the Web3 asset data platform RootData, Agridex is a Solana-based RWA market that is reshaping the global agricultural industry. It provides participants in the agricultural sector with a transparent, integrated marketplace, featuring its own internal economy. Utilizing on-chain fiat, smart contracts, and participant reviews, AgriDex offers a fully compliant and streamlined solution for agricultural supply chain management.
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