In Q4 2024, Solana’s app revenues increased by 213%, rising to $840 million from $268 million in Q3. The peak revenue of $367 million in November signaled the impact of memecoin speculation on the ecosystem.
Pump.fun was notable for generating $235 million in revenue, a 242% increase from the previous quarter. Other platforms like Photon and Raydium also reported impressive revenue growth, with increases of over 250%.
Currently, Solana commands a 56.48% market share in AI tokens, projected to reach $60 billion in market cap by 2025. With a total value locked of $8.6 billion, it ranks as the second-largest blockchain after Ethereum.
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