Deep Dive: Solana DApps Revenue - February 2026

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Syndica Deep Dive: Solana DApps Revenue - February 2026

Deep Dive:

Solana DApps Revenue

Part I DApps Revenue Overview

Solana led all chains in DApp revenue for a 22nd straight month.

It captured 34% of Web3 DApps revenue in February. The share fell from 41% in January, but no other chain matched Solana's scale.

Global Web3 DApp revenue cooled to $295M but held well above the cycle floor.

Activity so ened across most chains. Monthly revenue has not dipped below $250M since late 2024.

Solana DApps cleared $100M in a so er month.

Revenue fell 40% from January as activity pulled back across most verticals.

Part II Top-Earning DApps

Memecoin DApps captured 62% of Solana's February revenue.

The category held comfortably ahead of every other vertical.

Pump.fun posted $38M, 3x the next- largest Solana DApp.

Pump.fun first acquired Terminal (previously Padre), to expand into multichain trading, then bought Vyper last month to strengthen the infrastructure behind that cross-chain push.

Axiom cooled to $11M, giving back nearly half of January's spike.

Trading activity pulled back, but Axiom closed with double-digit millions for the month. $3.7M

Perps powered Jupiter's revenue to $8M in February.

The protocol launched Jupiter Global last month, introducing zero-fee QR payments for APAC merchants and fiat remi ances to 200+ countries.

fomo's revenue printed another all-time high.

The crosschain trading platform's revenue reached $2.4M, edging above January and extending its breakout. fomo's February updates added social feed improvements and trade-thesis sharing, deepening the platform's social trading loops.

Part III Physical Trading Card Games (TCG)

Physical TCG pulled in $2.2M, with Collector Crypt driving 91% of it.

Part IV DePIN Revenue

DePIN stands out as one of Solana's steadiest revenue categories.

Revenue reached $2.5M in February, roughly flat with January, while most other categories declined. Helium drove 88% of the total, keeping the category resilient in a so er market.

Part V Infrastructure Revenue

Solflare generated $293k and launched wallet-native privacy as a di erentiation play.

The wallet's revenue pulled back 56% from January. Its new Privacy Aggregator Layer (PAL) could serve as a retention hook in a competitive wallet market.

Binance Wallet posted $455k in its fourth month on Solana.

Revenue cooled 54% from January's spike. Binance added P2P buying inside the wallet, lowering the fiat-to-crypto step for new users.

deBridge launched an MCP server to bring AI agents into cross-chain swaps.

Revenue on Solana se led at $119k, down 50% MoM and below recent levels. The integration could broaden transaction flow as agent-driven trading grows.

Magic Eden captured 99% of Solana's NFT marketplace revenue.

The category revenue fell to $83k in February. Magic Eden's wind-down of Bitcoin and EVM support last month leaves Solana as the core marketplace surface.

Bybit's Solana DEX has stepped up from its early- 2025 base.

Revenue closed at $66k, down 44% from January but comfortably above the levels Byreal posted through most of last year.

Flash Trade used funded wallets to acquire its next wave of perps traders.

Revenue came in at $97k, below January but ahead of recent months. Its Seeker campaign gave 1,000 users a funded wallet to try perps on mobile.