TechFlow reports, according to The Block data, that Solana's on-chain transaction volume has surged in recent months, with daily active addresses (7-day moving average) surpassing 2 million. This growth is primarily driven by dApps such as Raydium, Pump.Fun, and Jito, which have also become major contributors to network fees.
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Raydium: Achieved $30 billion in trading volume in July, making it the second-largest DEX after Uniswap. Its fee revenue exceeded $65 million in July, a significant increase from $33 million in June.
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Pump.Fun: Since its launch in March 2024, it has facilitated the creation of over 1.5 million meme coins. In July, its fee revenue surpassed $28 million, marking a new high since launch.
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Jito: As the leading MEV protocol on Solana, it collected approximately $36 million in validator MEV tips via its client in July, a 26% increase from June. On July 28 alone, MEV tips reached $3.2 million.
