In July, Raydium, pump.fun, and Jito became the top three protocols in terms of Solana ecosystem fee income

Data shows that in the past few months, Solana's on-chain transaction volume has increased significantly. In addition, the number of daily active addresses has surged, recently exceeding 2 million (7-day MA), and a large number of users have flocked to the ecosystem dominated by DApps such as Raydium, pump.fun, and Jito. Among these DApps, Raydium has become the main source of Solana's fee income. In July, the DEX's trading volume reached US$30 billion, making it the second largest DEX trading volume after Uniswap. At the same time, according to DeFiLlama data, Raydium's revenue in July exceeded US$65 million, compared with US$33 million in June; pump.fun generated more than US$28 million in fees in July, the highest monthly fee since its launch; in addition, in July, the MEV fees collected by validators using the Jito client were approximately US$36 million, an increase of 26% from June. (The Block)