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In July, Raydium, pump.fun, and Jito became the top three protocols in terms of Solana ecosystem fee income
2024-08-02 06:35
Odaily News Data shows that in the past few months, Solana's on-chain transaction volume has increased significantly. In addition, the number of daily active addresses has surged, recently exceeding 2 million (7-day MA), and a large number of users have flocked to the ecosystem dominated by DApps such as Raydium, pump.fun, and Jito. Among these DApps, Raydium has become the main source of Solana's fee income. In July, the DEX's trading volume reached 30 billion US dollars, making it the second largest DEX trading volume after Uniswap. At the same time, according to DeFiLlama data, Raydium's revenue in July exceeded 65 million US dollars, compared with 33 million US dollars in June; pump.fun generated more than 28 million US dollars in fees in July, the highest monthly fee since its launch; in addition, in July, the MEV fees collected by validators using the Jito client were approximately 36 million US dollars, an increase of 26% from June. (The Block)