Decentralized applications (dApps) generated $164 million in revenue in October, according to a report by Binance Research.dApps represented 12 out of the 15 protocols with the highest revenues, indicating growing blockchain adoption.DEX and trading bot-related dApps were the primary revenue generators, fueled by speculative trading of memecoins.Infrastructure projects in the blockchain industry have received over $1.2 billion in funding, raising questions about potential overfunding.