- Solana-based DApps recorded $365 million in revenue last November.
- PumpFun became the first DApp to achieve $100 million in monthly revenue.
- Solana-based meme coins are showing strong growth centered around PumpFun.
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The decentralized application (DApp) ecosystem of Solana (SOL) is showing strong growth driven by meme coins.
On the 19th (local time), cryptocurrency-focused media Cointelegraph, citing Syndica data, reported that "Solana-based DApps recorded $365 million in revenue last November, and the meme coin creation platform PumpFun became the first DApp to achieve $100 million in monthly revenue."
The media explained, "Despite facing backlash for the distribution of inappropriate content exploiting live streaming, PumpFun achieved $106 million in revenue last November. The growth of Solana-based meme coins continues strongly centered around PumpFun."
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