Solana News: 400B Transaction and $1T Volume as complete 5 years
crypto news
Other
1 day ago
Solana News: 400B Transactions and 1T in Volume Mark 5-Year Milestone
Solana Hits 400 Billion Transactions and Nearly $1 Trillion in Volume as It Turns 5
Solana is celebrating its fifth anniversary with record-breaking numbers. The high-performance blockchain has now processed over 400 billion transactions and nearly $1 trillion in total trading volume. Known for its speed and low fees, Solana has cemented itself as a leading force in the crypto and DeFi space, attracting developers, investors, and projects worldwide.
Solana, the high-performance blockchain, is celebrating a major milestone—five years since the launch of its mainnet. Over this period, the network has achieved remarkable growth.
To mark the occasion, Solana shared its accomplishments on its official X account. Some of its key highlights include the following:
Over 1,300 validators are securing the network.
408 billion total transactions.
Nearly $1 trillion in total trading volume.
More than 254 million blocks generated.
A stablecoin market worth $11 billion.
Over $7 billion in total value locked (TVL) in its DeFi ecosystem.
Solana was founded in 2017 by Anatoly Yakovenko to tackle blockchain’s biggest challenge—scalability. By combining proof-of-stake with Yakovenko’s innovative proof-of-history mechanism, Solana has been able to process transactions quickly while keeping fees low.
Solana Leads in Developer Adoption
Developer interest in Solana has surged. In 2024, it surpassed Ethereum as the most popular blockchain for new developers. According to Electric Capital’s 2024 developer report, Solana attracted 7,625 new developers in the past year, making up 19.5% of all new entrants in the crypto space.
Solana Coin Crashes Despite Big Day
As Solana celebrates its fifth anniversary, its native token, SOL, has taken a hit. In the last 24 hours, the price has dropped by 6.17%, now standing at $127.52. Solana’s market cap is $65.07 billion, while trading volume has surged by 45%, showing increased market activity. Over the past two months, SOL’s price has ranged from $294.33 to its current level, making investors cautious. The drop comes amid market volatility and profit-taking by traders. Despite short-term fluctuations, Solana’s long-term outlook remains strong.
CME Group to Launch Solana Futures
CME Group plans to launch Solana futures, pending regulatory approval, which could be a game-changer for the cryptocurrency. This move not only gives investors a new way to trade Solana and hedge against price swings but also signals growing confidence from major financial institutions.
Read more:- https://www.coingabbar.com/en/crypto-currency-news/solana-news-400b-transactions-and-1t-volume-shape-its-legacy
Solana Hits 400 Billion Transactions and Nearly $1 Trillion in Volume as It Turns 5
Solana is celebrating its fifth anniversary with record-breaking numbers. The high-performance blockchain has now processed over 400 billion transactions and nearly $1 trillion in total trading volume. Known for its speed and low fees, Solana has cemented itself as a leading force in the crypto and DeFi space, attracting developers, investors, and projects worldwide.
Solana, the high-performance blockchain, is celebrating a major milestone—five years since the launch of its mainnet. Over this period, the network has achieved remarkable growth.
To mark the occasion, Solana shared its accomplishments on its official X account. Some of its key highlights include the following:
Over 1,300 validators are securing the network.
408 billion total transactions.
Nearly $1 trillion in total trading volume.
More than 254 million blocks generated.
A stablecoin market worth $11 billion.
Over $7 billion in total value locked (TVL) in its DeFi ecosystem.
Solana was founded in 2017 by Anatoly Yakovenko to tackle blockchain’s biggest challenge—scalability. By combining proof-of-stake with Yakovenko’s innovative proof-of-history mechanism, Solana has been able to process transactions quickly while keeping fees low.
Solana Leads in Developer Adoption
Developer interest in Solana has surged. In 2024, it surpassed Ethereum as the most popular blockchain for new developers. According to Electric Capital’s 2024 developer report, Solana attracted 7,625 new developers in the past year, making up 19.5% of all new entrants in the crypto space.
Solana Coin Crashes Despite Big Day
As Solana celebrates its fifth anniversary, its native token, SOL, has taken a hit. In the last 24 hours, the price has dropped by 6.17%, now standing at $127.52. Solana’s market cap is $65.07 billion, while trading volume has surged by 45%, showing increased market activity. Over the past two months, SOL’s price has ranged from $294.33 to its current level, making investors cautious. The drop comes amid market volatility and profit-taking by traders. Despite short-term fluctuations, Solana’s long-term outlook remains strong.
CME Group to Launch Solana Futures
CME Group plans to launch Solana futures, pending regulatory approval, which could be a game-changer for the cryptocurrency. This move not only gives investors a new way to trade Solana and hedge against price swings but also signals growing confidence from major financial institutions.
Read more:- https://www.coingabbar.com/en/crypto-currency-news/solana-news-400b-transactions-and-1t-volume-shape-its-legacy
Confirm Delete
Are you sure, you want to delete the Comment ?