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    Solana’s DApps Register $365 Million in November, Driven by MemeCoins and DeFi Surge

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    HI, Liquidity has driven DeFi’s growth to date, so what’s the future outlook, decentralized finance, crypto, coin, blockchain technology, increase, rise, explosion, graph, fountaine, Solana

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    Solana’s decentralized apps (DApps) achieved $365 million in November, significantly boosted by memecoin launchpad Pump.fun and decentralized finance offerings. Pump.fun became the first Solana DApp to earn over $100 million in a month, although a controversy over live-streamed content led to a 66% weekly income drop. Other key contributors included token discovery platform Photon and decentralized exchange Raydium. In 2024, memecoin DApps became the most lucrative category on Solana, with $509 million, followed by Telegram bots with $300 million. Solana’s overall DApp earnings that year saw 83.7% from DeFi, 9.6% from wallets, and 6.5% from infrastructure, NFTs, and gaming.

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    Solana’s decentralized apps, also known as DApps, saw a big jump in popularity in November, largely thanks to memecoin launchpad Pump.fun and Solana’s decentralized finance offerings.

    Research company Syndica revealed that DApps on Solana managed to pull in a whopping $365 million in November. A big chunk of that came from Pump.fun, the first Solana DApp to rake in more than $100 million in a single month.

    But it wasn’t all smooth sailing for Pump.fun. It ran into a bit of controversy over some content that was shared on its live streaming feature, leading them to shut the feature down for the time being. This resulted in a significant drop in weekly income – about 66% – which fell from $33.83 million to $11.31 million in the last week of November.

    A couple of other key players also contributed to Solana’s DApp earnings – the token discovery platform Photon and decentralized exchange, Raydium.

    In 2024, memecoin DApps pulled in the most money among all DApp categories on Solana. Memecoin DApps grabbed a cool $509 million, and Telegram bots followed with $300 million. DEXs meanwhile brought in $141 million over the year.

    The money made from memecoin DApps in 2024 dwarfed the income from the previous year. Back in January, memecoin apps on Solana only managed around $600,000. Fast forward to November and that figure had rocketed to $183 million.

    Breaking down Solana’s overall DApp earnings in 2024, 83.7% came from DeFi, with wallets making up 9.6%. The remaining chunk – 6.5% – was generated through infrastructure, non-fungible tokens, and gaming applications.

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