The Solana network celebrates its fifth anniversary with increased interest from traders and significant USDT trading volatility. Over five years, the network has made remarkable achievements.
Solana's Five-Year Milestone and Achievements
Solana's genesis block was created on March 16, 2020. Since then, it has processed over 408 billion transactions and nearly $1 trillion in trading volume on decentralized exchanges, establishing itself as a dominant layer-1 blockchain. Its high speed and low transaction fees have made Solana a preferred network for traders seeking quick execution and high liquidity.
Tether's Volatility on Solana
According to Mercuryo data, Tether (USDT) trading on Solana has shown significant volatility in early 2025, with dramatic price swings: a 100% surge (week of Jan 13), 63% drop (Jan 20), 129% recovery (Jan 27), 61% plunge (Feb 10), and a 137% spike (Feb 24).
Memecoin Popularity and Its Impact
A significant part of Solana's trading activity has been driven by the growing popularity of meme coins. Solana token holders have been using them to buy meme coins like dogwifhat (WIF) and Bonk (BONK). Pump.fun has generated over $540 million in revenue over the past year, often surpassing Ethereum's trading volume over 24-hour periods, which is a clear sign of Solana's role in the meme coin space.
Over five years, Solana has established itself as a high-performance network with high user activity. The volatility of Tether trading and the popularity of meme coins continue to attract trader interest and bolster Solana's standing in the crypto world.
