Pump.fun Generated 39% of Solana Application Revenue in Q3

Solana applications generated about $369 million in on-chain revenue during the third quarter, up 43% from the prior quarter, with Pump.fun accounting for the largest share. Pump.fun generated about $145 million, equal to roughly 39% of the quarter's application revenue. At quarter-end, Solana's decentralized finance (DeFi) total value locked (TVL) was about $6.485 billion, up 33% from the previous quarter-end. OnRe ended the quarter with about $292 million in TVL, up 42% over the same period. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.