Summary
- Solana app reported a 213% increase in revenue, reaching $840 million in the fourth quarter of last year.
- The increase in revenue is mainly attributed to the rise in meme coin trading.
- Notably, November's revenue was the highest at $367 million.
Solana app revenue saw a significant increase in the fourth quarter of last year.
According to a report by Messari, cited by Cointelegraph on the 6th (local time), Solana app revenue reached $840 million in the fourth quarter of last year. This is a 213% increase compared to the previous quarter.
Previously, Solana app revenue recorded $268 million in the third quarter of last year. The increase in revenue is attributed to the rise in meme coin trading. Meanwhile, when looking at monthly revenue for the fourth quarter of last year, November had the highest revenue at $367 million.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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