![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
Solana's meteoric rise in 2024 has firmly established it as a dominant force in the decentralized finance (DeFi) landscape
May 16, 2025 at 12:04 pm
Solana's meteoric rise in 2024 has firmly established it as a dominant force in the decentralized finance (DeFi) landscape. The blockchain now commands over 50% of total DApp revenue
Solana has risen to become the dominant blockchain in decentralized finance (DeFi), now commanding over 50% of total DApp revenue, a new report by BitKE reveals.
As per the latest data, Solana's DApps generated $2.9B in revenue over the last 12 months, massively outperforming the $1.8B combined from all other chains.
This explosive growth is only expanding. In the last 12 months, Solana DApps generated $2.9B in revenue, far surpassing the $1.8B from all other chains combined.
A significant driver behind Solana’s revenue dominance is the explosive growth of memecoin platforms.
REPORT | #MemeCoins were the Top-Performing Crypto Sub-Sector, #Solana was the Most Dominant Blockchain in 2024
Memecoins were the top-performing sub-sector, with 212% growth. https://t.co/5e3W9yeCDM @solana @solana_daily @binance
— BitKE (@BitcoinKE) January 26, 2025
Leading the charge is Pump.fun, a memecoin launchpad that generated an astounding $630 million over the past year [2024], making it the third-highest earner in the crypto space after stablecoin giants Circle and Tether.
HOW TO | How To Quickly Create and Share Your Own MemeCoin Using Solana Marketplace, https://t.co/QCr6l2e8EP.
Below is a step-by-step guide to help you launch your own memecoin using https://t.co/QCr6l2e8EP on the Solana network.https://t.co/voUe9o9ZKl @pumpdotfun @solana...pic.twitter.com/q8gV71huc4
— BitKE (@BitcoinKE) July 1, 2024
Launched in March 2024, the memecoin AMM has already captured 42% of Solana’s total DEX revenue, generating $5.6 million in its second month.
In November 2024 alone, Pump.fun made history by becoming the first Solana dApp to surpass $100 million in monthly revenue.
Other notable contributors include:
Collectively, memecoin dApps on Solana amassed $509 million in revenue in 2024, marking a staggering 305-fold increase from January’s $600,000.
Pump.fun and Axiom Exchange dominated the Solana DApp revenue landscape in April. Pump.fun generated $54 million, with Axiom close behind at $52 million.
LIST | A Look at 6 Global CBDC Projects and Challenges Facing CBDC Adoption Across the World
Beyond memecoins, Solana’s broader DeFi ecosystem has seen remarkable growth. In November 2024, Solana-based dApps achieved a record $365 million in revenue, with DeFi applications accounting for 83.7% of this total .
Solana’s impressive revenue figures are mirrored by its growing developer and user base. The blockchain broke fee and DEX volume all-time highs multiple times in 2024, attracting significant developer interest . This surge in activity underscores Solana’s position as a leading platform for DeFi innovation.
Solana’s ascendancy in the DeFi sector is a testament to its robust ecosystem and the innovative applications built on its platform. With memecoins, DeFi protocols, and user-friendly tools driving unprecedented revenue growth, Solana is poised to maintain its leadership in the decentralized finance arena.
Follow us on X for latest posts and updates
Join and interact with our Telegram community
_______________________________________
Related:
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.