Solana DApp Revenue Reaches $365 Million… Leading the Meme Coin Ecosystem with PumpFun

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."