Solana’s Daily dApp Revenue Hits Highest Level Since October 2025 as DEX Volume Tops $16.5B

Amid the recent burgeoning activity on the network spurred by the “Stonks” meta, Solana dApps generated nearly $8 million in revenue on September 11, marking the network's strongest single-day performance since October 10, 2025, when dApps generated $8.1 million.

The latest figures point to broader activity across the Solana ecosystem, with DEX trading, token launches, and tokenized equities all reaching significant milestones.

dApp revenue hits 2025 levels

Solana dApps generated $40.8 million in revenue last week, the highest weekly total since October 2025.

The increase comes alongside sustained trading activity on the network. Solana recorded $16.592 billion in DEX volume last week, keeping it the leading Layer 1 and Layer 2 blockchain by weekly DEX volume for the 20th consecutive week.

The network also crossed another major threshold on September 11, when cumulative DEX volume officially surpassed $3 trillion.

Solana strengthens its position in DEX trading

Solana's lead extends beyond comparisons with other blockchains. The network has continued to exceed the weekly spot trading volumes of major centralized exchanges, including Bybit, Coinbase, and Kraken, for 12 consecutive weeks.

Only Binance recorded higher weekly DEX spot trading volume.

1.49M+ Tokens Launched As App Revenue Surges

Solana recorded more than 1.49 million token launches over the past 7 days, setting the highest weekly total in the network's history. The surge in token launches aligns with growing onchain activity, as launchpads such as pump.fun and StonkFun have experienced sustained usage in recent weeks.

Memecoin trading contributed significantly to the network's DEX activity. Solana accounted for 61% of weekly memecoin DEX volume across all chains last week, up from 51% the previous week.

At the same time, Robinhood Chain's share declined from 40% to 32%, giving Solana a larger proportion of activity in the increasingly competitive memecoin market.

The number of token launches does not necessarily translate into sustained economic activity, but the record shows the scale of token creation taking place on the network.

324,000 New Holders of Tokenized Equity

Activity has also expanded beyond crypto-native tokens. The number of holders of tokenized equities on Solana surpassed 800,000, reaching a new all-time high.

The network added 324,000 tokenized equity holders in just 1 week. Among the available tokenized stocks, $NVDAx remains the most-held tokenized equity by holder count.

The growth suggests that Solana's activity increasingly spans both speculative crypto markets and blockchain-based representations of traditional financial assets.

A Broader Surge in Network Activity

Taken together, the latest figures show a sharp increase in activity across Solana's ecosystem. dApp revenue has returned to levels last seen in 2025, DEX volume remains dominant, more tokens than ever are being launched, and more people than ever are holding tokenized stocks.

It is quite the bull run for Solana’s network activity, but it remains to be seen if this momentum can be sustained into the coming months.

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