According to Messari data, the on-chain GDP (total application revenue) of Solana in Q4 2024 increased by 213% compared to the previous quarter, reaching $840 million. Among them, Pump Fun's revenue in that quarter was $235 million, an increase of 242% compared to the previous quarter; Photon's revenue in that quarter was $140 million, an increase of 278% compared to the previous quarter; Raydium's revenue in that quarter was $74 million, an increase of 268% compared to the previous quarter; BullX's revenue in that quarter was $73 million, an increase of 260% compared to the previous quarter; Trojan's revenue in that quarter was $63 million, an increase of 187% compared to the previous quarter.
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