Over the past few months, Solana brush
-3.95%
We have experienced a surge in on-chain volumes, complemented by a surge in daily active addresses, with the 7-day moving average recently surpassing 2 million. Data dashboard of the block.
This has led to a huge influx of users into the dapps-driven ecosystem. Radium 
ray
-6.84%
Pump fun, and Zito 
JTO
-4.59%
It is also where the network generates the most fees.
Among these dapps, Raydium emerged as the largest fee generator from Solana users. The decentralized exchange (DEX) recorded $30 billion in trading volume in July, making it the second largest DEX trading volume after Uniswap. Meanwhile, Raydium generated over $65 million in fees in July, compared to $33 million in June, according to DeFiLlama data.
Raydium wasn’t the only dapp collecting user fees on Solana. Pump.Fun emerged as demand for Memecoin transactions grew. Tens of thousands of new tokens are launched on Solana using PumpFun every week, many of which are Memecoins.
Pump.Fun’s relatively user-friendly interface and Solana’s low transaction fees have helped create over 1.5 million Mimecoins across political and celebrity-themed tokens since its launch in March 2024. The platform generated over $28 million in fees in July, recording its highest monthly fees since launch.
In the MEV niche, Jito has maintained its position as the top protocol on Solana. Known for its off-chain blockspace auction system, the platform allows traders to submit transaction bundles along with bids, thereby improving the reliability of transaction execution.
The maximum extractable value tips (or fees) collected by validators using the Jito client increased by 26% in July to approximately $36 million compared to June. As on-chain transactions on the network surged, the amount of MEV tips paid to Solana validators operating via Jito also increased. For example, on July 28 alone, daily MEV tips surged to $3.2 million, generating the highest amount of fees on Solana on that particular day.
To be clear, this is not a fee incurred by Jito stakers, but rather the value paid through the MEV platform. According to the data, Jito’s actual revenue was recorded at $1.4 million in July.
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