In 2024, a diverse set of Solana protocols dominated the blockchain fees landscape, highlighting innovative decentralized finance (DeFi) applications. Raydium led the way with an impressive $648 million in fees, leveraging the memecoin craze. Following closely was Jito at $633 million, known for its miner extractable value (MEV) modifications that boosted transaction tips amid rising memecoin activity. Pump.fun emerged as a significant player, earning $308 million in under a year by serving as a memecoin launchpad. Other notable mentions include Photon ($248 million), which capitalized on its speed and trading functionalities, and bloXroute ($136 million), recognized for its fast transaction capabilities. The list also included Trojan ($121 million), a Telegram trading bot, and BONKbot ($118 million), designed for memecoin trading. Marinade, BullX, and Kamino rounded out the top ten, each contributing significant fees while exploring various functionalities in the Solana ecosystem, including staking and lending services. This rising trend of fee generation underscores not only the demand for these services but also the evolving landscape of DeFi on Solana.

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