Catenaa, Friday, October 03, 2025- Solana decentralized applications (DApps) generated more than $22 million in revenue over the past week, led by memecoin launchpad Pump.fun, according to data from DefiLlama.
Pump.fun earned $9.65 million, marking its eighth consecutive week as the top-performing platform on the network.
Axiom, a trading platform offering yield farming and perpetual products, followed with $5.2 million, while Jupiter, Solana’s largest decentralized exchange aggregator, recorded $6.75 million.
Phantom wallet added $2.9 million, maintaining its role as a primary gateway into Solana’s DeFi ecosystem. Other contributors included Raydium, Meteora, and Collector Crypt, surpassing staking protocols such as Binance Staked SOL.
Solana’s total value locked recently climbed above $12 billion, with 24-hour decentralized exchange volume reaching $4.44 billion. User fees remained strong, totaling $12.38 million in a single day.
Despite robust activity, liquidity on memecoin launchpads fell below $1 billion for the first time in six months, with Pump.fun still capturing 84% of total bonding curve volume. BonkFun was the only notable competitor, while smaller platforms lagged behind.
SOL trades at $206, up 4.2% in 24 hours but down 7.1% over the past week.
Technical analysis shows the token moving within an ascending channel, with support near $180–$185 and resistance at $220–$260.
Analysts view pullbacks as part of a normal uptrend, noting that a rebound from lower support could lead to renewed upward momentum toward $260–$280 and potentially $300 later this year.
Solana’s combination of rising DApp revenues, increasing TVL, and active trading volume positions the network among the top-performing blockchains in 2025, even amid cooling speculative activity.
