Solana's Dominance in Crypto Volumes and Innovations

by Giorgi Kostiuk

a year ago

In 2024, Solana has drawn attention with its impressive metrics, exceeding Ethereum and Base. The article highlights key stats and success factors for the blockchain.

Solana vs Ethereum: A Dominance in Numbers

With nearly $3.8 billion traded within 24 hours on its DEX platforms, Solana far surpasses the combined volume of Ethereum ($1.7 billion) and Base ($1.2 billion). Additionally, Solana's total value locked (TVL) has increased from $1.4 billion to $9.5 billion in one year, a fivefold increase according to DefiLlama.

Why Crypto Traders Love Solana

Solana's success can be explained by its low fees, fast transactions, and active community. These factors make it attractive for traders interested in memecoins and AI-related tokens.

Speculations surrounding memecoins and AI agent tokens attract new investors to the Solana ecosystem.Grayscale Research

Innovations and the Future of Solana

Solana not only excels in numbers but also innovates with advancements like its new shield against quantum threats. These efforts establish it as a significant player in the Web3 world.

Solana is solidifying its position as a leading blockchain platform through high trading volumes and innovation. It has the potential to become a key player in the market in the future.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Circle Gains Conditional Approval for First National Digital Currency Bank

Circle has received conditional approval from the US Office of the Comptroller of the Currency to establish the First National Digital Currency Bank.

Miguel Rodriguez9 minutes ago

Ethereum Staking Demand Surges as Validator Backlog Hits Yearly High

Ethereum's staking activation queue has reached its highest level in over a year, indicating renewed interest in securing the network.

Luis Floresan hour ago

US Consumers Report Decrease in Price Pressures Amid Inflation Increase

US consumers report a decrease in price pressures despite a slight increase in inflation levels as 2025 ends.

David Robinsonan hour ago

Upcoming Economic Reports Spark Optimism for Retail Sales

Analysts anticipate a significant rise in retail sales for the fourth quarter, with key reports set to be released this week. Forecasts indicate a 0.4% surge in retail sales for November, alongside other important economic data.

Maria Gutierrezan hour ago

Federal Reserve Officials Maintain Interest Rates Amid Unclear Inflation Readings

Federal Reserve officials are expected to keep interest rates unchanged due to unclear inflation readings and signs of stabilization in the job market.