According to Messari data, Solana's on-chain GDP (total application revenue) in the fourth quarter of 2024 increased 213% quarter-on-quarter to $840 million. Among them, Pump Fun's revenue in the quarter was $235 million, an increase of 242% quarter-on-quarter; Photon's revenue in the quarter was $140 million, an increase of 278% quarter-on-quarter; Raydium's revenue in the quarter was $74 million, an increase of 268% quarter-on-quarter; BullX's revenue in the quarter was $73 million, an increase of 260% quarter-on-quarter; Trojan's revenue in the quarter was $63 million, an increase of 187% quarter-on-quarter.