Solana app revenue rose 43% to $369M in Q3, with Pump.fun accounting for 39%
- —Solana app revenue reached about $369 million in Q3, up 43% from the prior quarter
- —Pump.fun generated roughly $145 million, or 39% of total app revenue
- —Solana DeFi TVL climbed 33% to $6.49 billion by the end of the quarter
- —Blockworks put app revenue at $299.1 million, $69.9 million below Wu Blockchain's figure
Why it matters: Pump.fun's outsized share highlights Solana's reliance on memecoin activity rather than durable DeFi revenue streams.
Source: TokenPost