Solana showcased a significant increase in Total Value Locked (TVL) in 2024, surpassing Tron and securing second place after Ethereum.
Asset Value Growth and Solana’s New Dynamics
According to Messari's report, Solana's TVL rose by 64% compared to Q3 2024 and by 486% year-over-year, reaching $8.6 billion. Raydium, Solana's largest decentralized exchange (DEX), saw an 86% increase in TVL, driven by interest in memecoins and AI-related crypto trading.
Bitcoin Migration and Institutional Interest
Solana's speed and scalability attract major financial institutions like Franklin Templeton and BlackRock. From May 2024 to February 2025, the number of active Solana wallets quadrupled. Zeus Network has simplified the process of integrating Bitcoin liquidity on Solana through the APOLLO dApp.
Technological Advantages of Solana over Ethereum
Solana utilizes the Proof of History (PoH) protocol, which ensures up to 65,000 transactions per second. In 2025, Solana plans to introduce the fourth validator, Firedancer, significantly increasing network throughput. Solana's structure also minimizes transaction fees, making it appealing to developers and users.
The strengthening of Solana's technological and economic positions underscores its competitiveness over Ethereum and potential for further growth in the blockchain market.
