Pump.fun, a dApp on Solana, is having a field day.

Or, actually, to be more accurate, a field month.

Pump.fun earned a record-breaking $106 million in November, even though it did face backlash over inappropriate content shared by its community via a livestreaming feature.

dApps revenue is going up, and the fact that so many of them are used to launch memecoins, which among other things generate enormous amounts of fees, certainly helps.

For reference, just a few months ago in September 2024, all Solana dApps combined generated less than $100 million in revenue.

In January 2024, it was $26 million.

In November, Pump.fun generated $106 million, but all dApps combined generated $356 million.

This number can only go up.