Solana App Revenue Reaches $143.23 Million, PumpFun Accounts for 40%

The Solana (SOL) application ecosystem recorded on-chain app revenue of $143.23 million in August, accounting for 38.1% of the total blockchain app revenue. The meme coin issuance platform PumpFun contributed over 40% of this amount. The total blockchain app revenue in August was $375.53 million, with Solana app revenue increasing by 73% from $82.90 million in July. PumpFun generated approximately $58.20 million in August, surpassing 40% of Solana app revenue, with weekly revenue ranging between $13.68 million and $14 million. Since its launch in January 2024, PumpFun has accumulated over $1.259 billion in revenue, using about half of its net profit for automatic buybacks and token burns. As of mid-August, the cumulative buyback amount exceeded $429 million, and the circulating supply decreased by approximately 28.6%. Solana's August revenue surpassed that of Hyperliquid at $55.60 million, Ethereum at $47.10 million, and Binance Coin-based BNB Smart Chain at $34.70 million, more than doubling them. The number of non-voting transactions in August reached 5.2 billion, reflecting the flow of remittances, DeFi transactions, and application usage. This figure indicates that both the usage and revenue of the Solana ecosystem have increased together.

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