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The DAPP ecosystem of Solana flies over competition, with more income than all other combined channels.
In the past 12 months, Solana (soil) Dapps has generated more income than the DAPPs on all other combined channels. According to a union report, published on April 18, Solana Dapps generated $ 2.8 billion in revenues. It is 47% more than DAPP’s revenues on all other combined channels.
Solana’s DAPP gains began to exceed all the other channels in October of last year. Since then, the gap has only expanded. These figures show that Solana’s ecosystem remains very attractive for users and developers. Its low costs and focus on user experience call for end users, while developers benefit from the accessible and friendly infrastructure of the network.
However, Solana’s DAPP revenues are largely motivated by Crypto trading applications, which makes the benefits very volatile. For example, revenues culminated in January at $ 701 million, coinciding with the top of all Solana time of $ 294.33.
Since this peak, DAPP’s revenues have decreased considerably, going to $ 146 million in March. This highlights the way in which DAPP benefits are closely correlated with high negotiation volumes and high prices of assets.
Exchanges, wallets and other trade-oriented platforms dominate the most paid DAPP in Solana. The biggest contributor in March was even Launchpad Pump.fun, who brought in $ 31 million, exceeding platforms like Jupiter and Phantom.
Pump.fun is now faced with the growing competition from Axiom, a same winner supported by Y combinator. Axiom quickly gained ground, capturing 29% of the Memecoin DAPP market and generating $ 19 million in income.
At the same time, Jupiter remains the dominant strength among the Solana Dexs, winning 93% of the total DEX income on the network. He maintained solid performance in March, gathering $ 22 million despite the cooling market – consistent results next to Kamino Finance.