MeMeCoins: In 2024 Solana DApp revenue hits $365M

Pump.fun made $106 million in DApp sales In this year.

A significant increase in the number of decentralized applications (DApps) that are connected with Solana occurred throughout this year. This increase was observed throughout the month. It is possible that the decentralized finance (DeFi) ecosystem , which is connected to the blockchain , and Pump.fun, which acts as a launchpad for meme coins, are both factors that contribute to this problem.

Memecoins can be launched from the platform known as Pump. fun, which functions as a launchpad. There is a connection between the blockchain and the site that is known as Pump.fun.

• A total of $365 million in revenue was created by decentralized applications (DApps) that had their headquarters in Solana , as stated by the research platform Syndica, which brought this information to light in this year. This information was made accessible to the general public during the hearing. It is also concluded that Pump.fun was successful in achieving its goal of becoming the first decentralized application (DApp) to be developed on the Solana platform to generate a monthly income of one hundred million dollars.
• It is without a doubt deserving of attention that this task was completed, taking into consideration the fact that it was completed. Pump.fun reportedly generated a total of $106 million in income during this year, as stated in the reports. It is the reports that have provided us with this knowledge.
• Even though it was faced with criticism for improper content that was supplied by its audience through a live-streaming option, Pump.fun was able to collect a total of $106 million in revenue during this year. Even though the content was given by the audience, this was nonetheless successful. Even though such items were made available, it was still possible to complete this and get the desired result.

On November 25th:

The site was critiqued when it was asserted that users had reportedly committed acts of violence or threatened to commit acts of violence. The allegations were made after the platform was subjected to criticism.

• Immediately following the criticism that was directed toward the platform, these charges were made public. Not only were the allegations that were made against the individuals made public, but they were also made public with the public. Every one of these accusations and allegations was brought to the notice of the general public during the entire process.
• Therefore, the meme coin launchpad concluded that it would be most advantageous to suspend its live streaming feature for an indeterminate amount of time. This decision was made as a result of the aforementioned circumstances. In addition to this, it made a commitment to work toward the creation of a moderating system that is more efficient in terms of its overall effectiveness across the entirety of the process.
• The weekly income of the platform was $33.8 million between the 18th and 24th of November, but it dropped to $11.3 million during the last week of November, which is a loss of 66% compared to the total revenue of the previous week.
• This represents a significant drop in comparison to the total amount of $33.8 million that was collected during the previous week. The amount of $33.8 million was recorded throughout the preceding week; this shows a decrease from the amount that was reported. The number of people living in this particular place has decreased by six percent all across the world.
• It was exactly one week after the website had stopped broadcasting live streams to the general public that this decline took place. Exactly one week was the period during which this drop took place.

Photon and Raydium:

Not only did the token discovery platform Photon and the decentralized exchange (DEX) Raydium provide a large proportion of the revenue that Solana’s decentralized apps (DApps ) produced, but they were also two of the most significant contributors to the revenue.

• Photon and Raydium provide a token discovery platform. Both of these business applications resulted in the organization bringing in a sizable amount of money, which was extremely beneficial to the company.
• In this particular issue, two websites are both examples of decentralized exchanges. In both of these websites, there is uncertainty. It is estimated that the revenue generated by DApps for the Solana meme coin will amount to fifty-nine million dollars in this year: apps that are based on digital technology.

Decentralized Applications (DApps):

However, the decentralized applications (DApps) that are associated with Memecoin are the ones that have brought in the most money so far this year. Many other kinds of decentralized programs can be found on Solana ; however, I will focus on the ones that have brought in the most money. Other kinds of decentralized applications are also available on Solana, if you look hard enough.

• In a statement that was released by Syndica, it was disclosed that memecoin decentralized applications (DApps) had generated a total of $509 million, whereas Telegram bots had generated $300 million.
• Syndica is the organization that provided this information. Both of these numbers are extremely important, and their value cannot be exaggerated in any circumstance. At the same time that this is going place, DEXs have generated a total of $141 million in revenue so far this year. This is happening at the same time.
• This procedure is being carried out at the same time as anything else. More than three hundred times the amount of money that was made by decentralized applications that utilized Memecoin by the year 2024, the amount of money that was made by these applications had increased. Memecoin was used by these applications. Memecoin was utilized by the applications in question. During January, the city of Solana received a total of around 600,000 dollars in revenue as a result of the revenues generated by Memecoin applications.
• The city made a large investment in this project. The earnings of the category reached a new all-time high of $183 million during this year, which was a noteworthy milestone that had not been done before. This achievement had not been carried out before. An accomplishment of this nature had never been performed before. It had never been accomplished before this accomplishment, thus it was unprecedented.

Conclusion:

By the year 2024, wallets were accountable for 9.6% of the total money that was created by Solana’s decentralized applications (DApps ), which in turn accounted for 83.7% of the entire revenue that was generated by DeFi. Wallets were also responsible for 9.6% of the overall revenue that was generated by DeFi.

As an additional point of interest, wallets were accountable for 9.6% of the total money that was created by DeFi. There were three individuals or groups who donated the remaining 6.5% of the total investment. These were the infrastructure, non-fungible tokens, and gaming applications.

 

⚠️ Disclaimer:
Crypto Land is an impartial marketing and educational platform, not a financial advice service. Therefore any content provided, hosted, or expressed by Crypto Land does not constitute financial advice or recommendation, and as such Crypto Land will not be liable for any losses incurred during trading or investing.