Solana生態系11月維持強勁表現，生態牛市可望持續

近幾日加密市場出現普遍回調，但Solana生態上個月仍表現極為出色，預計價格將迅速恢復，生態牛市將持續。

The crypto market has seen a general pullback in recent days, but the Solana ecosystem still performed extremely well last month, and it is expected that prices will recover quickly and the ecological bull market will continue.

近幾日加密市場出現普遍回調，但Solana生態上個月仍表現極為出色，預計價格將迅速恢復，生態牛市將持續。

According to statistics, in November 2024, Solana native DApps earned $365 million in revenue, a monthly record high; nearly 84% of the revenue came from the DeFi ecosystem, and wallets and infrastructure accounted for less than 15%. In addition, 20 Solana DApps had monthly revenues exceeding $1 million, and pump.fun became "the first Solana protocol ever to have monthly revenues exceeding $100 million." Odaily Planet Daily will combine Syndica's relevant reports to sort out the performance of the Solana ecosystem in November in this article for readers' reference.

根據統計，2024年11月，Solana原生DApp營收3.65億美元，創月度歷史新高；近84%的收入來自DeFi生態，錢包和基礎設施佔不到15%。此外，20 個 Solana DApp 的月收入超過 100 萬美元，pump.fun 成為「第一個月收入超過 1 億美元的 Solana 協議」。 Odaily星球日報將結合Syndica的相關報導，在本文中梳理Solana生態學11月份的表現，供讀者參考。

Solana: Ecosystem and Protocol Revenues Both Hit New Highs

Solana：生態系統和協議收入均創新高

According to statistics, in November, Solana ecosystem revenue and DApps revenue reached US$92 million and US$365 million respectively, both hitting "new highs this year". Among them, the former was only US$6 million at the beginning of the year, an increase of 15 times; the latter was only US$26 million at the beginning of the year, an increase of 14 times.

根據統計，11月份，Solana生態收入和DApps收入分別達到9,200萬美元和3.65億美元，均創「今年新高」。其中，前者年初僅600萬美元，成長15倍；後者年初僅2600萬美元，成長了14倍。

It is worth mentioning that 50% of Solana ecosystem revenue is mainly used for SOL token repurchase and destruction; DApps revenue statistics mainly come from head protocol data, which is an incomplete statistics.

值得一提的是，Solana 生態系收入的 50% 主要用於 SOL 代幣回購和銷毀； DApp 的收入統計主要來自頭部協議數據，屬於不完全統計。

At the same time, according to Coingecko data, the price of SOL was only around US$101 at the beginning of the year. It had previously broken through a new high of US$263 on November 23, and has now fallen back to around US$188. The annual increase remains at around 88%.

同時，根據Coingecko數據，年初SOL的價格僅約101美元。此前曾於11月23日突破263美元新高，目前已回落至188美元左右。年增幅維持在88%左右。

Solana Ecosystem Protocol: pump.fun stands out, with 10 protocols generating monthly revenue exceeding 10 million

Solana生態協議：pump.fun脫穎而出，10個協議月收入超千萬

Another example of the rapid development of the Solana ecosystem is the number of protocols with impressive revenues. In November, 41 protocols had monthly revenues exceeding $100,000; 20 protocols had monthly revenues exceeding $1 million; 10 protocols had monthly revenues exceeding $10 million; and only one protocol, pump.fun, had monthly revenues exceeding $100 million.

Solana 生態系統快速發展的另一個例子是收入可觀的協議數量。 11月，41個協議月收入超過10萬美元； 20 個協議月收入超過 100 萬美元； 10個協議月收入超過1000萬美元；只有一個協議 Pump.fun 的月收入超過 1 億美元。

According to Syndica statistics, pump.fun ranked first in Solana protocol revenue in November with a revenue of US$106 million, thus winning the title of "Solana ecosystem protocol with revenue exceeding US$100 million in the first month"; other top Dapps include Photon, Raydium, BullX, Trojan, BONKbot, Phantom, Jupiter and other DEX, Telegram Bot, wallet and other infrastructure projects.

根據Syndica統計，pump.fun以1.06億美元的收入位列Solana協議11月收入第一，從而榮獲「首月收入超億美元的Solana生態協議」稱號；其他頂級 Dapp 包括 Photon、Raydium、BullX、Trojan、BONKbot、Phantom、Jupiter 等 DEX、Telegram Bot、錢包等基礎設施項目。

Solana's growth is mainly due to the DeFi sector, and the Meme ecosystem has skyrocketed more than 300 times

Solana 的成長主要得益於 DeFi 領域，Meme 生態暴漲超過 300 倍

According to statistics, 83.7% of Solana ecosystem protocol revenue comes from the DeFi sector; in contrast, wallet-related protocol revenue accounts for 9.6%; infrastructure project revenue accounts for 3.4%; NFTs sector revenue accounts for only 2.2%; the game sector revenue accounts for even less, only 0.9%; the smallest is the payment sector and DePIN sector, accounting for less than 1%.

根據統計，Solana 生態系統協議收入的 83.7% 來自 DeFi 領域；相比之下，錢包相關協議收入佔9.6%；基礎建設項目收入佔3.4%； NFT 產業收入僅佔 2.2%；遊戲板塊收入佔比更低，僅0.9%；最小的是支付板塊和DePIN板塊，佔不到1%。

From another perspective, there is still a lot of market space in the Solana ecosystem, and there is great potential in the gaming, payment, and DePIN sectors.

從另一個角度來看，Solana生態還有很大的市場空間，遊戲、支付、DePIN等領域潛力巨大。

In the DeFi sector dominated by the Solana ecosystem, Meme coins and protocols supporting Meme coins accounted for the largest share of revenue, with annual revenue of $509 million, followed by the Telegram Bot sector, with annual revenue of $300 million, and spot DEX ranked third with annual revenue of $141 million. It is worth mentioning that the monthly revenue of Meme coin-related DApps increased from $600,000 in January to $183 million in November, a growth multiple of 305 times, which can be called an "industry wonder."

在 Solana 生態主導的 DeFi 領域中，Meme 幣和支援 Meme 幣的協議佔據了最大的收入份額，年收入為 5.09 億美元，其次是 Telegram Bot 領域，年收入為 3 億美元，現貨 DEX 排名第一第三名，年收入1.41億美元。值得一提的是，Meme幣相關DApp的月收入從1月的60萬美元成長到11月的1.83億美元，成長倍數達305倍，堪稱「產業奇蹟」。

In addition, thanks to pump.fun, Raydium has also become the "biggest beneficiary" of the sector. In November, the platform's monthly revenue reached 32 million US dollars, far exceeding Orca and Lifinity, equivalent to 8 times the monthly revenue of Orca; equivalent to 32 times the monthly revenue of Lifinity. In addition, since April, the ratio of FDV of DEX tokens to the monthly revenue of the protocol has gradually stabilized and gradually remained in the range of 85%±10%.

此外，由於pump.fun，Raydium也成為該板塊的「最大受益者」。 11月，該平台月收入達3,200萬美元，遠超過Orca和Lifinity，相當於Orca月營收的8倍；相當於 Lifinity 月收入的 32 倍。此外，自4月以來，DEX代幣FDV佔協議月收入的比例逐漸穩定，並逐漸維持在85%±10%的範圍內。

Thanks to the good performance of the project, Raydium repurchased a total of 5.4 million RAYs in November, worth up to US$28 million, for distribution to pledgers.

由於工程的良好表現，Raydium於11月共回購了540萬枚RAY，價值高達2800萬美元，用於分配給質押者。

A niche track with unlimited potential: Telegram

潛力無窮的小眾賽道：Telegram