Solana Marks 5-Year Journey – 400 Billion Transactions And Counting
18 Março 2025 - 1:30AM
NEWSBTC
A well-known cryptocurrency marks its anniversary by celebrating
the milestones it has achieved over the years such as its
incredible growth that made it one of the top digital assets in the
space. In the last five years, Solana has attained nearly $1
trillion in DEX trading and processed more than 400 billion
transactions. Related Reading: XRP $15 Breakout? Not A Far-Fetched
Idea—Analysis Five Successful Years Since Solana was created on
March 16, 2020, the crypto has grown to become one of the top 10
digital assets today. In an X post, Solana shared what it has
accomplished over the course of its half-a-decade existence, citing
that it has facilitated over 408 billion SOL transactions, more
than 1,300 validators, and at least $987 billion in volume. Happy
5th birthday Solana fam! 🥳 408+ billion transactions. 1,300+
validators. $987+ billion volume. Thank you to all the relentless
founders, devs, and nCMOs around the globe who have made Solana
what it is today — 5 years in, we’re just getting started 🎊
pic.twitter.com/p89PynhjpJ — Solana (@solana) March 16, 2025
According to CoinGecko, Solana holds the 6th place in
cryptocurrency in terms of market capitalization. Meanwhile, SOL
occupies the 9th spot in the Coinbase crypto, which is based on
relative market cap. “Thank you to all the relentless founders,
devs, and nCMOs around the globe who have made Solana what it is
today — 5 years in, we’re just getting started,” SOL said in a
post. Solana Growth By The Numbers Analysts said that Solana, a
crypto born together with the pandemic, owes its growth to its
system which speeds up its transaction processing, allowing the
digital asset to increase at a low cost. Data showed that since its
mainnet went live in March 2020, the crypto has generated over 254
million blocks, adding that Solana has become a major force in the
decentralized finance space. According to DeFiLlama, Solana has
more than $7 billion in total value locked in its protocols. On the
other hand, SOL’s stablecoin is also doing well after posting $11
billion. Although this figure is a bit lower than the $12.6 billion
recorded in February 2025. In terms of market capitalization,
Solana has about over $65 billion, which is a big drop from its
peak of $127.5 billion. As of writing, SOL is being traded at $127
per coin, which is 1.2% down in the last 24 hours. Bouncing Back
Market observers said Solana was greatly affected by the bear
market in 2022 and the collapse of the crypto exchange FTX, wherein
investors saw its mark cap plummet by 96% to only $3 billion. Sam
Bankman-Fried’s FTX bought an estimated 58 million SOL tokens worth
$7.4 billion at today’s value. However, in November 2022, FTX filed
for bankruptcy, leading to a decrease in SOL’s price and hitting
$8.30 per coin in December 2022. Related Reading: 200 Million XRP
On The Move—Is Ripple Preparing For A Big Play? It might face many
challenges in 2022 but SOL showed its resiliency and made an
impressive comeback in 2023, growing its market cap from $3 billion
to more than $140 billion, as of January 19, 2025. Featured image
from Pexels, chart from TradingView
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