Solana dApps Generate $2.9 Billion Annually, $50M Weekly Revenue, 51.6% Market Share, Surpassing Ethereum and Others

Decentralized applications (dApps) on the Solana blockchain have generated $2.9 billion in revenue over the past year, highlighting Solana’s expanding influence in the decentralized finance (DeFi) and Web3 sectors. In the past seven days alone, Solana dApps earned over $50 million, accounting for 51.6% of the total revenue among all Layer 1 and Layer 2 dApps, surpassing combined earnings from other blockchain platforms. Additionally, more than $120 million was bridged from other chains to Solana within the last week, including over $70 million transferred from Ethereum. Leading Solana applications such as Jupiter and Phantom have posted higher revenues than dApps on competing networks like Base, Arbitrum, and Avalanche. Furthermore, some Solana apps, including Axiom, now out-earn entire ecosystems like Ethereum, Binance Smart Chain, and Hyperliquid. Overall, the ecosystem dApps generate 2.5 times more revenue than the Solana network itself, underscoring the platform’s growing dominance in the blockchain space. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant