According to Syndica's research, Solana native DApps earned $365 million in revenue in November 2024, a monthly high. The Solana DeFi ecosystem is the main source of revenue, accounting for nearly 84%, while wallets and infrastructure account for less than 15%.
In DeFi activities, Meme coins and protocols that support Meme coins dominate SOL revenue. Meme coin DApp monthly revenue increased 305 times in 2024 to more than $500 million. pump.fun led the Solana protocol with $106 million in revenue last month.
In addition, the Telegram bot category has become the second largest source of revenue after Meme coin DApps, setting a record of more than $300 million in revenue this year.
The report also stated that the number of "high-quality participants" in the SOL ecosystem has grown parabolically, and the number of protocols with monthly revenues of more than $10,000 to $10 million has increased.