Solana生态系统11月保持强劲表现，生态牛市有望持续

近几日加密市场出现普遍回调，但Solana生态上个月依然表现极其出色，预计价格将快速恢复，生态牛市将持续。

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.

近几日加密市场出现普遍回调，但Solana生态上个月仍然表现极其出色，预计价格将迅速恢复，生态牛市将持续。

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.

据统计，2024年11月，Solana原生DApp收入3.65亿美元，创月度历史新高；近84%的收入来自于DeFi生态，钱包和基础设施占比不到15%。此外，20 个 Solana DApp 的月收入超过 100 万美元，pump.fun 成为“第一个月收入超过 1 亿美元的 Solana 协议”。 Odaily星球日报将结合Syndica的相关报道，在本文中梳理Solana生态11月份的表现，供读者参考。

Solana: Ecosystem and Protocol Revenues Both Hit New Highs

Solana：生态系统和协议收入均创新高

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.

据统计，11月份，Solana生态收入和DApps收入分别达到9200万美元和3.65亿美元，均创“今年新高”。其中，前者年初仅为600万美元，增长15倍；后者年初仅为2600万美元，增长了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 生态系统收入的 50% 主要用于 SOL 代币回购和销毁； DApp 的收入统计主要来自头部协议数据，属于不完全统计。

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%.

同时，根据Coingecko数据，年初SOL的价格仅为101美元左右。此前曾于11月23日突破263美元新高，目前已回落至188美元左右。年增幅保持在88%左右。

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

Solana生态协议：pump.fun脱颖而出，10个协议月收入超千万

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 生态系统快速发展的另一个例子是收入可观的协议数量。 11月，41个协议月收入超过10万美元； 20个协议的月收入超过100万美元； 10个协议月收入超过1000万美元；只有一个协议 Pump.fun 的月收入超过 1 亿美元。

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.

据Syndica统计，pump.fun以1.06亿美元的收入位列Solana协议11月收入第一，从而荣获“首月收入超亿美元的Solana生态协议”称号；其他顶级 Dapp 包括 Photon、Raydium、BullX、Trojan、BONKbot、Phantom、Jupiter 等 DEX、Telegram Bot、钱包等基础设施项目。

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

Solana 的增长主要得益于 DeFi 领域，Meme 生态暴涨超过 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%.

据统计，Solana 生态系统协议收入的 83.7% 来自 DeFi 领域；相比之下，钱包相关协议收入占比9.6%；基建项目收入占比3.4%； NFT 行业收入仅占 2.2%；游戏板块收入占比更低，仅为0.9%；最小的是支付板块和DePIN板块，占比不到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.

从另一个角度来看，Solana生态还有很大的市场空间，游戏、支付、DePIN等领域潜力巨大。

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 生态主导的 DeFi 领域中，Meme 币和支持 Meme 币的协议占据了最大的收入份额，年收入为 5.09 亿美元，其次是 Telegram Bot 领域，年收入为 3 亿美元，现货 DEX 排名第一第三名，年收入1.41亿美元。值得一提的是，Meme币相关DApp的月收入从1月份的60万美元增长到11月份的1.83亿美元，增长倍数达305倍，堪称“行业奇迹”。

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，得益于pump.fun，Raydium也成为该板块的“最大受益者”。 11月，该平台月收入达到3200万美元，远超Orca和Lifinity，相当于Orca月收入的8倍；相当于 Lifinity 月收入的 32 倍。此外，自4月份以来，DEX代币FDV占协议月收入的比例逐渐稳定，并逐渐保持在85%±10%的范围内。

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.

得益于项目的良好表现，Raydium于11月共回购了540万枚RAY，价值高达2800万美元，用于分配给质押者。

A niche track with unlimited potential: Telegram

潜力无限的小众赛道：Telegram