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Crypto

Solana Dominates Onchain App Revenue With Record-Breaking September

Guavy AI Editorial Team
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SOL
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Onchain application revenue reached a new high in September, according to data from DeFiLlama. The total revenue across 356 chains was $467.66 million, marking a 27% increase from the previous month and the highest since October last year.

Solana led the pack with $144.25 million in revenue, driven by stronger DeFi and DEX activity. This suggests positive adoption and market momentum for crypto protocols.

The growth in onchain application revenue is a promising sign for the industry, as it indicates increased user engagement and adoption of decentralized financial services.

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