Solana Marks 5-Year Journey – 400 Billion Transactions And Counting
Solana, created on March 16, 2020, has become one of the top 10 cryptocurrencies, achieving nearly $1 trillion in DEX trading and processing over 408 billion transactions. It has more than 1,300 validators and a market capitalization of approximately $65 billion, down from a peak of $127.5 billion. The cryptocurrency's growth is attributed to its fast transaction processing and low costs. Solana has generated over 254 million blocks and holds over $7 billion in total value locked in decentralized finance protocols. SOL's stablecoin has recorded $11 billion, slightly lower than its previous high. After a significant drop in 2022 due to the bear market and the FTX collapse, which reduced its market cap to $3 billion, Solana rebounded in 2023, increasing its market cap to over $140 billion by January 2025. SOL is currently trading at $127 per coin.
