Solana’s dApps Generate 46% of Blockchain Revenue Amid 90% Revenue Drop
Solana's memecoin traffic has decreased by over 80%, while its decentralized applications (dApps) remain the primary source of blockchain revenue. Key points include:
- In March, Solana apps contributed to 46% of total earnings across all blockchains.
- Current reports indicate Solana dApps account for over 70% of on-chain revenue.
- Overall revenue on Solana has declined by more than 90% since January, reaching levels last seen in mid-2024.
- The drop is attributed to reduced transaction fees and the collapse of notable memecoins like LIBRA.
- Future earnings may rely on new dApp development and expanded use cases.