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🌙 Solana Dominates DeFi dApp Revenue

Solana accounts for more than 50% of total dApp revenue after an explosive 2024.

Author

Mike Gavela
May 14, 2025

In partnership with

Crypto Roundup - May 14

Solana continues to assert its dominance in the DeFi and Web3 ecosystem, generating more decentralized app (dApp) revenue than any other blockchain, outpacing even Ethereum. Within the Solana ecosystem, liquid staking platform Meteora has surpassed Circle, the issuer of USDC, in daily protocol fees—highlighting a major shift in capital efficiency and user engagement. Meanwhile, AI-focused project Kaito has seen a 41% price surge as its staked token supply reached an all-time high, signaling strong investor confidence and growing utility.

Top Stories

  • Solana leads in dApp revenue, surpassing Ethereum and reinforcing its role as DeFi’s most profitable chain.

  • Meteora beats Circle in fees, highlighting Solana’s rising DeFi engagement and improved yield strategies.

  • Kaito jumps 41% in price as staked supply hits record levels, driven by growing AI and Web3 synergy.

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TOP STORIES

Solana Dominates DeFi dApp Revenue - "The Defiant"

Solana accounts for more than 50% of total dApp revenue after an explosive 2024.

thedefiant.io/news/blockchains/solana-dominates-defi-dapp-revenue

Meteora Surpasses USDC Issuer Circle in Daily Fees - "The Defiant"

The Solana-based decentralized exchange generated $7.6 million in fees over the last 24 hours, making it the second-highest revenue generator in DeFi.

thedefiant.io/news/defi/meteora-surpasses-usdc-issuer-circle-in-daily-fees

Kaito Rallies 41% as Staked Supply Hits All-Time High - "The Defiant"

The AI-powered mindshare platform added has almost $300 million in market capitalization over the last month.

thedefiant.io/news/nfts-and-web3/kaito-rallies-41-as-staked-supply-hits-all-time-high

FUNDRAISING

Gnosis forays into Asia with US$14.95M acquisition of Headquarters | e27

Headquarters enables firms to manage their treasury and make payments using stablecoins while maintaining full control of their assets through self-custody

e27.co/gnosis-forays-into-asia-with-us14-95m-acquisition-of-headquarters-20250513

OTHER HEADLINES

SafeMoon’s image was carefully curated — and misleading, witness says

Henry “Hank” Wyatt says that John Karony approved website content that misrepresented the nature of SafeMoon's tokenomics.

protos.com/safemoons-image-was-carefully-curated-and-misleading-witness-says

Firm that spent $2m stockpiling Trump memecoins has yet to snag invite to president’s gala

A logistics firm has bought $2 million worth of Trump memecoins. It said the purchase will help it sway Washington stakeholders. The spree has yet to yield an invite to Trump’s memecoin gala.

www.dlnews.com/articles/regulation/freight-technologies-buys-2m-usd-of-trump-memecoin

Coinbase shares soar 16% as it joins S&P 500 and courts mom-and-pop investors

Coinbase is about to join exclusive corporate club. Bernstein analysts predict a massive stock price boost. A rough first quarter becomes yesterday's news.

www.dlnews.com/articles/markets/coinbase-in-sp-500-means-grandma-now-owns-a-crypto-stock

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