On February 5th, COINOTAG reported significant findings from a recent Messari analysis regarding the performance of Solana. According to the report, Solana’s on-chain Gross Domestic Product (GDP), represented by total application revenue, soared by a staggering 213% quarter-over-quarter (QoQ) in Q4 2024, reaching approximately $840 million. This growth can be attributed to key applications within the ecosystem. Pump Fun recorded $235 million in revenue, marking an impressive 242% QoQ increase. Furthermore, Photon demonstrated remarkable performance with $140 million, which translates to an astounding 278% growth. Other notable contributors include Raydium at $74 million (up 268%) and BullX with $73 million (increased by 260%). Trojan also marked a significant rise, reaching $63 million with a 187% increase. Stay tuned for the highly anticipated release of Messari’s complete Solana State of the Network Report tomorrow.
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