• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana's Dominance in Crypto Volumes and Innovations

user avatar

by Giorgi Kostiuk

10 months 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Institutional Interest in Bitcoin Grows Despite Market Volatility

chest

Institutional investors are increasing their Bitcoin holdings, indicating confidence in the cryptocurrency's long-term value amidst recent market volatility.

user avatarTando Nkube

Illicit Transactions on Cryptocurrency Exchanges Represent Only 0.001% of Volume

chest

Recent data reveals that illicit transactions account for a mere 0.001% of the total volume on major cryptocurrency exchanges, challenging common misconceptions about the industry.

user avatarKofi Adjeman

Singapore Achieves Top Spot in Global Crypto Comfort Index

chest

Singapore has achieved the highest score in the Crypto Comfort Index, indicating strong everyday usability of cryptocurrencies.

user avatarNguyen Van Long

African Nations Missing from Crypto Comfort Index Rankings

chest

African nations, particularly Nigeria, Kenya, and South Africa, are absent from the top rankings of the Crypto Comfort Index due to issues such as inconsistent regulations and limited infrastructure.

user avatarSatoshi Nakamura

US and Switzerland Rank High in Crypto Comfort Index

chest

The United States and Switzerland rank second and third in the Crypto Comfort Index, showcasing strong crypto infrastructure.

user avatarJesper Sørensen

Brazil's DeCripto Tool to Enforce New Crypto Reporting Standards

chest

Brazil's Receita Federal has introduced the DeCripto reporting tool, which will become mandatory for Brazilian users transacting outside national exchanges starting July 2026.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.