PANews reported on September 17th that according to a Step Finance report, Solana's revenue landscape in August showed both growth and volatility. Solana's total application revenue reached $193.5 million, an increase of over 126% compared to August 2024, but the distribution of revenue varied across categories. Trading tools remained Solana's most profitable sector, generating $67 million in August, 2.6 times the revenue generated in August 2024. Axiom generated $49.1 million in revenue. Furthermore, Pump.fun's revenue rose to $41 million in August after a weak July. Infrastructure application revenue remained stable at $7.4 million, while DEX revenue reached $22.5 million, with Meteora surpassing Raydium. Smaller segments such as DePIN and Pokémon Trading Cards also saw significant growth, with revenue increasing approximately 5x and 2.3x year-over-year, respectively. Overall, these data suggest that Solana's revenue is expanding unevenly but broadly, with leadership shifting frequently between projects and sectors.PANews reported on September 17th that according to a Step Finance report, Solana's revenue landscape in August showed both growth and volatility. Solana's total application revenue reached $193.5 million, an increase of over 126% compared to August 2024, but the distribution of revenue varied across categories. Trading tools remained Solana's most profitable sector, generating $67 million in August, 2.6 times the revenue generated in August 2024. Axiom generated $49.1 million in revenue. Furthermore, Pump.fun's revenue rose to $41 million in August after a weak July. Infrastructure application revenue remained stable at $7.4 million, while DEX revenue reached $22.5 million, with Meteora surpassing Raydium. Smaller segments such as DePIN and Pokémon Trading Cards also saw significant growth, with revenue increasing approximately 5x and 2.3x year-over-year, respectively. Overall, these data suggest that Solana's revenue is expanding unevenly but broadly, with leadership shifting frequently between projects and sectors.
Solana's total app revenue in August reached $193.5 million, a year-on-year increase of over 126%.
1 min read
PANews reported on September 17th that according to a Step Finance report, Solana's revenue landscape in August showed both growth and volatility. Solana's total application revenue reached $193.5 million, an increase of over 126% compared to August 2024, but the distribution of revenue varied across categories. Trading tools remained Solana's most profitable sector, generating $67 million in August, 2.6 times the revenue generated in August 2024. Axiom generated $49.1 million in revenue. Furthermore, Pump.fun's revenue rose to $41 million in August after a weak July. Infrastructure application revenue remained stable at $7.4 million, while DEX revenue reached $22.5 million, with Meteora surpassing Raydium. Smaller segments such as DePIN and Pokémon Trading Cards also saw significant growth, with revenue increasing approximately 5x and 2.3x year-over-year, respectively. Overall, these data suggest that Solana's revenue is expanding unevenly but broadly, with leadership shifting frequently between projects and sectors.
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